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Technology Stocks : Apple Inc.
AAPL 271.84-0.4%Dec 31 3:59 PM EST

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To: Phillip C. Lee who wrote (17916)9/13/1998 4:39:00 PM
From: Eric Yang  Read Replies (1) of 213177
 
"Eric, the whole estimate is TOTALLY based on CBS Rebecca words and
Rodg's marketing explanation"

Phil, I know your $1.15 per share diluted earnings was the result of your calculation based on CBS and other reports. The question is whether you believe in those numbers enough to stand by your $1.15 calculation?

If so, then it means you're comfortable with the estimate profit of $188 million. If not, then it means that you do not have faith in the comments made in CBS/IDC reports...then why was it that you came up with so much speculation based on data that you have little faith in? Specifically I am referring to
1) the $1.15 earnings
2) $1844 million revenue
3) doubling of unit shipments this quarter
4) 360K iMacs in August alone
5) 600K iMacs for the quarter

It wasn't my intention to be confrontational since we're on the same side of the fence, but I find it necessary to point out that some of the expectations generated were getting extremely unrealistic.

But I think we're making progress. It appears that you no longer (or never did) believe that:
1) unit shipment will double this quarter
2) earnings will be $1.15

Is that correct?

Eric
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