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

To: herb sutcliffe who wrote (6488)	11/21/1997 10:14:00 AM
From: soup	Respond to of 213173

Microsoft's Bill Gates: Software's Hard-Liner. via Washington Post >"Why do we keep the price of Windows as low as we do?" he asked rhetorically. "If . . . an economist thought, 'Oh, this is a product without competition,' and computed what the price would be, they'd get a number five to 10 times higher than what it actually is."< washingtonpost.com

To: herb sutcliffe who wrote (6488)	11/21/1997 1:19:00 PM
From: Richard Habib	Read Replies (1) \| Respond to of 213173

Hard to say where the earnings will fall. The other point is that there have been some rumours that Apple would make a profit this quarter. That may result in whisper numbers (I wonder if the street bothers with whisper numbers for Apple.) that could sink the stock even if it beats the published numbers from -.02 to -.07. In any case you probably need to look out to 1999 to find projected earnings that support prices in the 19-20 range with reasonable PEs. I still believe the only thing that will result in a homerun for the stock is some sort of alliance or licensing or partnership that offers access to the Wintel market. Only that kind of news would raise the PE high enough to guarantee a stock price significantly higher than where we're at. I'm getting a bit nervous as I read about Ellison and Jobs seeming to downplay Rhapsody which is probably their only hope for the above kind of scenario. The NC thing won't do it IMHO. I don't think the street views the NC as a particularly lucrative market at the present time. Rich