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

To: Don Green who wrote (34990)	9/20/2002 11:54:21 AM
From: Don Green	Respond to of 213181

The Mac Observer Spin: Insider activity is tracked by Wall Street as a gauge of executive confidence in their own companies. Collectively, this is often an indicator of what direction business will be headed in coming months. In Apple's case, the stock can't fall much lower than current levels due to the US$4.3 billion in cash reserves the company has. That level of cash reserves translates into approximately US$11.98 per share of value. The way the markets work, that sort of protection means that investors will swoop in and buy a company's stock whenever it begins trading near those levels because they know the value is there. In other words Apple's stock is effectively trading at US$2.50 (give or take a bit), with another US$12 in value associated with cash holdings. That makes the stock a good buy, according to conventional Wall Street trading wisdom, even to Apple execs. That, in turn, means that we might see further insider trading. That's certainly something for which Wall Street will be watching. macobserver.com