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Technology Stocks : Apple Inc.
AAPL 277.47+0.2%Nov 26 3:59 PM EST

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To: Alomex who wrote (22844)1/28/1999 8:30:00 PM
From: soup  Read Replies (1) of 213173
 
Damning with faint praise ...

>>That said, I don't think it would happen.<<

>I don't think it will happen either, but if anybody would it has to be an ISP or
Internet portal interested on the iMac as an internet box.<

An ultimate irony. If Jobs is smart, he'd demand cash rather than shares.com. But if that's the only rationale for a takeover you can envision, you'd better sell your shares now.

>>The reason is Steve Jobs. After seeing the job he did on Amelio, what CEO would
clasp him to their bosom?<<

>True, but at the same time selling the company for a say, 50% premium would
allow Jobs to declare victory and go home. That got to be tempting...<

A buyout at $60 would be only 25% over its yearly high. Unless there's serious AAPL book-cooking comparable to the SUNW debacle, a 50% premium to today's close is not tempting. Are you sure you're still long?

PS> Re: current market valuations. I hereby declare, that as of today's close, we have officially entered La-La Land.
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