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

To: Gerald Underwood who wrote (29291)	10/11/2000 2:24:15 AM
From: FruJu	Respond to of 213176

I agree with most of the points which point to the slowdown in last quarter's sales, but will reserve judgement until we actually hear the conference call next week. The reason that Apple got so severely punished is because of the lack of guidance in the initial earnings warning. It almost seemed as though it was deliberately worded to cause panic, e.g. "We are currently re-evaluating our plans going forward, and will provide lower growth targets for next quarter and the next fiscal year when we announce our final results on October 18." It's one thing to say "this is a temporary quarterly supply issue". It's another to say "we think this is going to continue for another whole year". Let's wait and see what happens a week from now.

To: Gerald Underwood who wrote (29291)	10/11/2000 8:46:01 PM
From: fname	Respond to of 213176

While I agree with Mr. Every that Apple is a buy now, I wouldn't put too much faith in his analysis or Due Diligence. He wrote, "Heck, my philosophy applies to more than just Apple. I did the same thing the other day with Ford as well; its stock halved in value because of overreaction to problems with Firestone tires. This large a drop in a stable company like Ford is rare, so I put some money there as well. Ford will bounce and, in a couple of years, no one will remember what the hype was about." Does he realize Ford spun off $20 a share, i.e., a 1.75:1 split? Professional analysts are bad enough, but I guess amateurs can be worse.