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Technology Stocks : Apple Inc.

AAPL 273.25

-0.2%

3:59 PM EST

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To: Eric Yang who wrote (24082)	4/16/1999 1:19:00 PM
From: Marc Newman	Read Replies (2) of 213177

Eric is right--one thing the MF has always made sure to mention with Apple in the last 18 months is the tax situation. While the MF is correct to point that out, it seems to me that either the MF formula or the writer that covers Apple rarely includes the value of the remaining NOL in estimating AAPL value (or am I wrong on this?) and of course the growth rate never includes buying back stock and thus increasing shareholder value. But they are correct--it is a cheap stock! Marc

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