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Technology Stocks : Apple Inc.

AAPL 278.85

+0.5%

Nov 28 9:30 AM EST

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To: BubbaFred who wrote (23325)	3/3/1999 12:12:00 AM
From: soup	Read Replies (2) of 213173

Just got back from Seybold. 11 hour roundtrack on Amtrak. I'm beat and going to sleep. Have a bunch of very interesting things to report from the Apple Reseller Seminar, but I'll give you one tidbit. It turns out that Apple created over $1 billion in leases/loans last year. I asked the presenter how much Apple earned from these. He said that Apple subcontracted them out to GE Capital, Heller Financial, etc. I asked, given Apple's large cash stake, why Apple just didn't do the finance in-house? He answered that Fred Anderson didn't think the time was right -- but it was something that they continually review. I know a lot of this is corporate and education customers who get favorable terms, but those $29.95 iMacs' current floating is over 14%. You do the math ... PS. znv, you can crawl back under your rock now.

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