Apple Inc. Message Board

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Technology Stocks : Apple Inc.

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: tschneider who wrote (23987)	4/14/1999 5:45:00 PM
From: Adam Nash	Read Replies (4) of 213177

Anyone who thinks that the covertible debt is going to dilute doesn't understand what they are talking about. The fact is, the convertible debt is already included in the "fully diluted" earnings calculation. (Or so I have been informed) That convertible debt is a big ball and chain hanging on the stock price, and once it is gone, we will all be better off for it. Unfortunately, that means we will have selling pressure as people who cash in their bonds get stock and then sell it. On a valuation basis, Apple should be at 60 easy. There is no way around how strong current earnings are coming in.

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