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

To: Alomex who wrote (28903)	9/29/2000 2:09:49 PM
From: Dave	Read Replies (3) \| Respond to of 213176

""They should really be upgrading."" "I disagree. Apple seemed to be running on a smooth path towards recovery (delays of OSX excepted). The earnings warning changes that." If analysts did their job and dug up numbers from companies' channels, suppliers, and other financial data, rather than just parroting whatever nonsense the CFO had said most recently, then this would come as no surprise. But since most analysts are just cheerleaders who paraphrase press releases, Apple's preannouncement is a big shock to them. My feeling is that the market is slumping and Apple is slumping along with it. Their sin is that they have not "managed expectations," which is another way of saying that they did not spoon-feed numbers to the analysts day by day.

To: Alomex who wrote (28903)	9/29/2000 6:06:59 PM
From: PaperProfit1	Read Replies (1) \| Respond to of 213176

Alomex: You state the obvious. My premise is that AAPL will do well as a business from here on. An it will NOT take much to meet the new expectations. This stock has the PE of Caterpillar for #### sake. AAPL should be able to recover from here and the price cut was way overdone. Despite Management excessively rosy scenario, AAPL IS growing at a good pace. The problem is that they could NOT give themselves room for error in a slowing economy. At current prices, AAPL IS a bargain, and today's downgrades are stupid, once the stock fell 50%. The good news is that institutional investors are out of AAPL stock. They will come back in due time.