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To: Johnny Canuck who wrote (28558)	9/28/2000 5:31:18 PM
From: xcr600	Read Replies (1) \| Respond to of 68127

Apparently all isn't well in Mac land either.. biz.yahoo.com Thursday September 28, 5:33 pm Eastern Time Update 1-Apple Computer sees Q4 net below expectations (UPDATE: Adds details, dateline previous Cupertino) PALO ALTO, Calif., Sept 28 (Reuters) - Apple Computer Inc. (NasdaqNM:AAPL - news) on Thursday warned its fourth quarter earnings would fall as much as 33 percent short of forecasts because of a sales slowdown that hit all geographical regions as well as its key education market and its showcase product, the new Power Mac G4 Cube. ``We've clearly hit a speedbump,'' Apple Chief Executive Steve Jobs said in statement. The company said it expects to report fourth quarter earnings per share diluted, excluding investment gains, between 30 and 33 cents per diluted share, rather than the 45 cents that had been expected by most industry analysts. Apple said it expects to report revenues between $1.85 and $1.9 billion. In light of the slowdown, the company said it would reevaluate forecasts going forward and would reduce growth targets for its next fiscal quarter and year. Apple said it would provide those updated forecasts when it reported fourth quarter earnings on October 18. In a statement, Apple Chief Financial Officer Fred Anderson said the shortfall resulted from soft overall sales combined with weakness of Education product sales, which usually peak in December, and disappointing sales of its Cube. Apple's warning comes just one week after Intel Corp. (NasdaqNM:INTC - news), the world's largest chip maker, warned of lower than expected third quarter revenues sending jitters through the high-tech sector. Although Apple shares had tumbled along with several PC maker stocks at that time, analysts said they were generally upbeat about the company's outlook and the demand for a slew of new products it has introduced.

To: Johnny Canuck who wrote (28558)	9/28/2000 5:49:10 PM
From: Return to Sender	Respond to of 68127

Apple Sees Earnings Far Below Forecasts PALO ALTO, Calif. (Reuters) - Apple Computer Inc. (NasdaqNM:AAPL - news) on Thursday warned its fourth quarter earnings would fall as much as 33 percent short of forecasts because of a sales slowdown that hit all geographical regions as well as its key education market and its showcase product, the new Power Mac G4 Cube. ``We've clearly hit a speedbump,'' Apple Chief Executive Steve Jobs (news - web sites) said in statement. The company said it expects to report fourth quarter earnings per share diluted, excluding investment gains, between 30 and 33 cents per diluted share, rather than the 45 cents that had been expected by most industry analysts. Apple said it expects to report revenues between $1.85 and $1.9 billion. In light of the slowdown, the company said it would reevaluate forecasts going forward and would reduce growth targets for its next fiscal quarter and year. Apple said it would provide those updated forecasts when it reported fourth quarter earnings on October 18. In a statement, Apple Chief Financial Officer Fred Anderson said the shortfall resulted from soft overall sales combined with weakness of Education product sales, which usually peak in December, and disappointing sales of its Cube. Apple's warning comes just one week after Intel Corp. (NasdaqNM:INTC - news), the world's largest chip maker, warned of lower than expected third quarter revenues sending jitters through the high-tech sector. Although Apple shares had tumbled along with several PC maker stocks at that time, analysts said they were generally upbeat about the company's outlook and the demand for a slew of new products it has introduced.