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Technology Stocks : Apple Inc.

AAPL 271.86

-1.0%

Dec 17 3:59 PM EST

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To: Rob Glanville who wrote (1090)	1/31/1997 7:26:00 PM
From: Phillip C. Lee	of 213176

I am not sure if Apple will slide to $12 in coming July. But, one thing for sure is that there is no big Apple news between now and July. It is easy for Apple executives to throw out 100-150 millions loss ahead of MacWorld fair, and postponed profitable quarter for another six months, but will be very difficult for them to cover the defaults. It may need to take several times of efforts to recover from this bad judgement. Acquiring Next is just a temporary event. After a couple of days, investors still come back to the fact of heavy loss. Apple still has lots of cash to burn, and it seems that Apple is going to have a long and difficult time ahead if Apple executives are just dreaming about their new OS and forget about the period between now and July, then the stock price will slide to unbelievable low before new, and better OS comes out.

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