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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Rusty Johnson who wrote (72030)	8/2/2002 2:50:10 PM
From: Dave	Respond to of 74651

Apple is sitting on a hefty $4.3 billion in cash ($11.74 a share). Which means that the company's stock price reflects little more than cash on the balance sheet. Exactly. At the current price of $14.50/share, that's $2.76/share ex-cash, which would give AAPL an ex-cash P/E of 7.9 just for its Windows-based iPod business, if this author's estimates are close. Then of course there are its computer business and software businesses. I just bought more AAPL today. It's irresistible at this Crazy-Tony insane prices! Dave