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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (4039)	9/29/1999 10:26:00 AM
From: JDN	Respond to of 10293

Dear Bill: NOW YOU TELL ME. Just Kidding.haha. I didnt bite on that recommendation cause I am unconvinced AAPL will ever have more than a small minority of the PC market and frankly, with SUNW coming on strong now with the SUNRAY and everyone coming on with a cheap set top box I see the PC market as shrinking long term and I am a long term investor. Meaning I HATE to sell a stock, so I try and get it right the first time. Have you looked into GBLX lately? I think it could have an exciting future and its selling cheap compared to a few months ago so should have downside protection at these levels. JDN

To: Bill Wexler who wrote (4039)	9/29/1999 10:55:00 AM
From: Pete Mason	Read Replies (1) \| Respond to of 10293

That's one thing about AAPL--everyone on Wall Street both misunderstands its business, and hates it for not going out of business every year as they predict. On Wall Street, a computer company will never make any money unless its business plan is to eventually become the dominant WinTel player. Wall Street, as you know, has no clue that a niche player can make lots of money and be a very valuable company. That moron who wrote the weekend's piece in Barrons about Apple was totally wrong and totally bogus (and as such, reflected conventional Wall Street wisdom vis a vis AAPL perfectly). By their argument, Mercedes U.S. luxury car division is worthless and about to go out of business because they will never displace GM and Ford. It really irks me that AAPL has always been viewed this way... and I don't think it will ever change, regardless of how many machines AAPL sells or how much money AAPL makes. I think your call on the company is likely correct (that with the G4, iBook, etc., they will be minting money--a lot of it), but the street will never fully value that. Sorry for the rant, but I've been reading Wall Street prognostications on AAPL since it went public... -- Pete

To: Bill Wexler who wrote (4039)	9/29/1999 4:14:00 PM
From: Mike M	Respond to of 10293

I congratulate you for the reversal. While not an easy thing to do, the news is not likely to get much better in the next few months. No sense in riding this one out.