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Technology Stocks : Apple Inc.
AAPL 273.67+0.5%Dec 19 9:30 AM EST

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To: J R KARY who wrote (23902)4/13/1999 3:27:00 PM
From: Marc Newman  Read Replies (2) of 213177
 
Jim, thanks for the news about Ellison being at NAB. He won't be speaking for Apple, will he?

As for the gang of five, their actions are getting a bit old. At this point, Apple's trailing 12-month performance isn't anything special. It is a great trading stock, but that's another story.

Is it in Apple's best interest to have a high or low stock price if it calls the notes and/or buys back shares in the open market? I assume the notes are all being retired in June and find that a wonderful use of the cash. But what if Apple announces at tomorrow's CC that they'll be starting early with an open market buyback effective now? Even if most of the actual "buying" will be just retiring the notes? I'd like to see it--it's time to get moving.

Note that the MacMall quantities of rec C's are very tame. A couple hundred extra Tangerines (ship 'em to Denver or Tennessee or Palmberg State and be done with 'em <<gg>>) is all. Also, my local Mac chain that got a big slug of Blueberry ten days ago was out after a week. And the small stack of Tangerines that had been there much of March are gone too. I love the inventory levels. Anderson needs to come out and say that LG is making up any shortfalls and that Sacramento is pumping them out overtime.

Well, the Jobs and Anderson team hasn't let us down yet, operationally. I figure they can overcome the current PC wreck too. Especially considering Apple's high margins and the complete refresh of both the Pro and Consumer lines a week into the quarter.

A move back to $35 at the close today?

Marc
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