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


To: ScottT who wrote (6420)11/15/1997 3:13:00 PM
From: Li Cai  Read Replies (2) | Respond to of 213174
 
Peter Lynch wrote "After Apple computer fell apart and the stock dropped from $60 to $15, I wondered if the company would ever recover from its difficulities, and whether I should consider it as a turnaround. Apple's new Lisa, its entry into the lucrative business market, had been a total failure. But when my wife told me that she and the children needed a second Apple for the house, and when the Fidelity systems manager told me that Fidelity was buying 60 new Macintoshes for the office, then I just learned that (a) Apple still was popular in the home market, and (b) it was making new inroads in the business market. I bought a million shares and I haven't regretted it."

This is from the book "One up on Wall Street", page 191.