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

To: Jeff Hayden who wrote (33154)	4/17/2002 6:49:42 PM
From: HerbVic	Respond to of 213182

It's Here! PHOTOSHOP 7 for OS X apple.com Apple Quarterly Results Apple announced a profit of $40 million for the quarter, compared to a profit of $43 million a year ago. Revenues for the quarter were $1.5 billion, up 4% from a year ago, and gross margins were 27.4%, compared to 26.9% a year ago. International sales accounted for 45% of the quarter’s revenues. [Apr 17] (snip) “We’ve experienced incredible demand for the new flat screen iMac and shipped 220,000 this quarter. Feedback from customers using them has been off the charts—we’ve clearly got a winner here,” said Steve Jobs, Apple’s CEO. “Looking forward, we’re making great progress on our transition to Mac OS X, we have some remarkable new products in development, and we plan to open an additional 20 Apple retail stores by the end of this calendar year.” “We’re pleased to have delivered solid results while executing a challenging product transition,” said Fred Anderson, Apple’s CFO. “Our balance sheet remains very strong with $4.3 billion in cash. We are targeting June quarter revenues to be up sequentially to about $1.6 billion and EPS to be flat to up slightly compared with the March quarter.” apple.com Well, it looks like the rush to sell on the news didn't happen in after hours trading. Datek shows the last at $25.88. HerbVic