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Technology Stocks : Motorola (MOT) -- Ignore unavailable to you. Want to Upgrade?

To: Xpiderman who wrote (1626)	9/29/1999 10:56:00 AM
From: MarieS	Read Replies (1) \| Respond to of 3436

Motorola's shortage of PowerPC chips mentioned in this Apple news release SAN FRANCISCO, Sept 28 (Reuters) - Shares of Apple Computer Inc. (NASDAQ: AAPL) fell on Tuesday, after one Wall Street analyst said that he expects a slight shortfall in sales of its portable products, due to a manufacturing disruption caused by the recent earthquake in Taiwan. Michael Kwatinez, an analyst with CS First Boston, said in comments to his sales force earlier that due to last week's major earthquake, Apple's manufacturing lines in Taiwan were halted, due to the limited power supply, market sources said. But market sources said that Kwatinez did not further lower his earnings estimates on Apple and said he is maintaining a buy rating on the stock. Kwatinez was not immediately available for comment. But market sources said that Kwatinez believes Apple will have a shortfall of about 10,000 units of its new iBook notebook and about 15,000 units of its Powerbooks in the September quarter. Both machines are manufactured in Taiwan. The news comes just one week after Apple said earnings for it fiscal fourth quarter, ending in September, will be below the third fiscal quarter, due to a shortage of new PowerPC chips from Motorola Inc. (NYSE: MOT). Apple shares closed off $1.6875 to $59.625 in active trading, recovering from an intra-session low of $57.4375. A spokeswoman for the Cupertino, Calif.-based PC maker was not immediately available for comment. "Power was out and they have power today apparently," said Lou Mazzucchelli, an analyst with Gerard Klauer Mattison & Co. "They said they lost about one week of production...None of their employees were hurt, which is the most important thing."