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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (25356)	7/8/1999 2:49:00 PM
From: J R KARY	Read Replies (1) \| Respond to of 213173

Why up ? yesterday's QT word : "LINUX" ; now the rest of the words ===== " Apple shares are surging amid optimism that the company will report strong earnings growth and benefit from new products. This morning, Apple shares were up another 3.75 to 53.62, a six-year high. Yesterday, shares touched 50.75, their highest since 1993, when the company reported what was then the largest loss in its history as it was hurt by slowing sales growth and high costs. Investors are betting Apple will report higher earnings for the quarter ended June 30, boosted by families buying new computers for graduating students. Also fueling optimism are expectations that Apple's long-awaited new consumer portable, promised by mid-year, will be unveiled at the Macworld conference later this month. "People are speculating the outlook is favorable," said portfolio manager Bob Finch of Aeltus Investment Management, which owns more than 4 million shares of Apple. "Apple is back. We know that, and we're likely to get more confirmation of it." Apple is expected to earn 64 cents a share in the fiscal third quarter, the average estimate of analysts polled by First Call. Estimates have risen from an average of 61 cents on April 1, First Call said. A year ago, Apple reported per-share profit from operations of 50 cents. The company will report earnings Wednesday, and Macworld kicks off in New York with interim chief executive Steve Jobs's keynote speech July 21. " news.com ====== Speech recog on the portable could be nice , but keep your eyes on the (Enter)prise . Jim K.