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Technology Stocks : Apple Inc.

AAPL 278.37

+0.1%

Dec 12 3:59 PM EST

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To: Alomex who wrote (17177)	8/24/1998 9:21:00 AM
From: soup	Read Replies (4) of 213176

AAPL @ $60 by January? Deferring to our excellent, but distinctly different, "earningsmeisters" Eric & Phillip, I figure we finish the FY '98 earnings at approx. $2.00 share and FY '99 at $3.00. Assigning a P/E of 20 of FY '99 (A year to year growth rate of 50% is not sustainable, right?) gives us $60. Some of the bears (or bulls) wanna argue about this target price? PS>Of course, if Steve Jobs changes the name of the company to "iApple", we're looking at $150 -- minimum! PPS> AAPL at 43 1/4 at 9:15.

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