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

To: Don Troppmann who wrote (28925)	9/29/2000 5:04:55 PM
From: Alomex	Read Replies (2) \| Respond to of 213177

Now according to Anderson the Sept qtr will come in at about 1.85B or about 7% less revenue, for the qtr, than expected earlier. The eps is now expected to be about 33 cents per share or about 26% less than expected earlier for the qtr. The reason AAPL dropped so dramatically is because the uncertainty this slowdown brings into the equation. Analysts had this mental picture of a company that had nothing but growth ahead of it, as it delivered on its many promises. Once it turns out that the growth out of irrelevant niche mode may not hold, it is time to worry. Does this justify AAPL at $25? I don't know, and IMHO nobody will know until more data becomes available. If this is a one time hiccup, monday will be a good time to buy, if this is a sign of many problems coming to the surface (problems I mentioned elsewhere) then even $25 may be too much for a terminal company. Which is it? Again I don't know. You guys who followed Apple closely would be the better qualified to analyze this. Forget about crazy markets and 25% drops in earnings, the question is" Is this a one time thing or a sign of things to come? Why?

To: Don Troppmann who wrote (28925)	9/29/2000 5:23:12 PM
From: Sabrejet	Respond to of 213177

Don, I agree with your math. The rev's are the most important part for me in this equation. Although the bottom line is earnings, there was no additional info given to disseminate the $.12 drop other than the $.15B adjustment. If he would now come forward and breakdown those "pennies" I believe we may find that the market over reacted by a factor of say, oh, 1000! Sabre!

To: Don Troppmann who wrote (28925)	9/29/2000 6:03:28 PM
From: J R KARY	Respond to of 213177

Don math fits ; Freddie mentioned investment income also Fits what we have been told by a trustworthy CFO but they gotta come out and explain why - "sales slow-down" is too nebulous and will play to AAPL's competition. Investment income could be a biggie and explaining the Store plan could reveal some EPS charges. Waiting until 10/18 sounds like lawyer advice - "quiet period" is voluntary and should be ignored here. Fred has to think about those now embarrassed Analysts and take the rap if he wants future creditability. Regardless the financials look solid . Jim K.