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

To: Cogito who wrote (31898)	1/17/2002 8:42:48 AM
From: NAG1	Read Replies (1) \| Respond to of 213182

The only real bad news from the conference call was that some education sales will probably be pushed out a quarter or two as they see money getting tight in that sector and as you mentioned, margins will be constrained because of ramp up towards new iMac. Some were expecting a pro line announcement but I don't think apple has ever announced a new product offering at a quarterly conference call to my knowledge. The good news is that the guidance for the next quarter looks good, how often do you get apple's second quarter looking better than its first except for last year when the first quarter was a real disaster. People who had been saying that the channel was full of old iMacs were flat out wrong with the channel being about 4 weeks of inventory. Apple will continue to make the crt iMac for now to keep an offering in the subthousand dollar market. Anderson called the pipeline "robust" and was looking for improved sales in the second half of the year. Oh, and initial orders of the new iMac exceeded expectations and was the most successful 1 week period of new orders second only to the old iMac rollout where I think they did 150,000 orders in the first week so there is a strong response to apple's new offering. Portables were 40% of apple's market and they sold 116,000 powerbooks. New iBook a big success with sales of 600,000 since its rollout last may compared with the old iBook which sold 700,000 units over a 20 month period. My guess is that they are expecting a boost from the new 14 inch iBook. Also, stores have been good and anderson gave an estimated run rate for the stores of 10 million per store. 40% new buyers to the mac that jobs referred to were more likely switchers since first time computer buyers have been said to be out of the market related to the recession. Overall, a good report, revenues could have been a little better but since the market cares more about where you are going instead of where you have been, the good forward guidance should give us a nice pop today and sustain share price for a bit until we get some more news about how ramp up and roll out of the new iMac is going. Neal

To: Cogito who wrote (31898)	1/17/2002 12:17:01 PM
From: Alomex	Respond to of 213182

Apple Computer upgraded by AG Edwards and Salomon Smth Brny - Briefing.com

To: Cogito who wrote (31898)	1/17/2002 12:54:18 PM
From: Marc Newman	Read Replies (1) \| Respond to of 213182

Yeah, really. After reading all those posts and spending an hour listening to the conference call I just didn't feel up to posting about the earnings report when it seemed that only 2 or 4 people care. The RB discussion was surprisingly weak too for such a good board. And one guy even said the cc put him to sleep when I thought it was fascinating and full of interest. Maybe I'll get around to making a good post later tonight. Short answer--listen to the conference call. Apple really has a plan and it's starting to work. They know this iMac is going to be a huge hit. They are talking seriously about getting back to $8 B in revenues. I never expected them to confidently aim that high, even if it took a few years. Pinza's comment about Apple doing very well considering the times is right on, especially when you think of how Apple has kept headcount strong in a bid to innovate and grow. Marc