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Technology Stocks : Apple Inc.
AAPL 278.79-0.7%Dec 5 9:30 AM EST

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To: Sam Scrutchins who wrote (21396)12/23/1998 10:18:00 PM
From: Andrew Danielson  Read Replies (1) of 213173
 
Sam, RE: 1986/87 comparison

Interesting comparison. I wouldn't mind a trip back to 56 in the near future!

The past few day's action proves that the market had completely bought into the reports of slowing iMac sales. I believe we were well on our way to discounting an earnings warning with the stock hovering at 32-33. The question is: is the PC Data report enough to completely remove that suspicion from investors' minds?

If it is, then we could well be on our way to much higher highs. We were in the low 40's back when our earnings prospects were 2.02 FY99. We're now sitting at 2.47, which means we could hit 50 *before* any speculative froth gets worked into the stock.

On the other hand, we may have to wait for the actual Q1 report for that. . .

Andrew
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