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Technology Stocks : Apple Inc.

AAPL 272.98

-0.1%

12:32 PM EST

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To: WebDrone who wrote (16604)	8/13/1998 1:30:00 PM
From: David Semoreson	Read Replies (1) of 213177

What is the maximum price we can see next year? We could see $3 EPS but eventually they will need to begin paying taxes again so perhaps $2 EPS after tax is a fair adjusted number. How high a price does this justify? How much higher than 20 P/E can AAPL get in this market? IMO they need to grow market share like crazy to impress the Street, and this is not a given. These are the honest questions that worry me. I've been a bull since 97 and done my share of cheerleading when the downside was limited and the upside was triple, but I'm on the sidelines now since $37. If the market will give me some old-fashioned AAPL bashing I'll be back. Best of luck to all, ** David

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