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

To: Edward Boghosian who wrote (6633)	12/6/1997 12:58:00 AM
From: J R KARY	Read Replies (2) \| Respond to of 213173

Pressure is tax selling and product/clone transition Have faith as it now clear our leaders are willing to work and be reimbursed for the privilage to buy AAPL at $23.50 a share: news.com Don't spoil it and tell the Board there are shareholders who would love to see $23/shr. This clears up some resistance as $14.50 could have been the strike price due to Jobs "sacrafice sale" at 14 5/8ths . We have known for some time AAPL skipped COMDEX and delayed its major product rollout for InternetWorld/MacWorld . Look at the rape Amelio performed - Jobs deserves support .

To: Edward Boghosian who wrote (6633)	12/6/1997 2:48:00 AM
From: Eric Yang	Read Replies (1) \| Respond to of 213173

>>The recent price drop in Apple may be due to tax selling but I contend the drop is due, primarily, to two factors: 1.) Apple is having problems getting a CEO and 2.) Apple will show a disappointing Christmas quarter.... We've been in a bull market since 1982 and if the bull market should end tomorrow, what would Apple shares be worth? Less than $5. This is from someone who hopes he is wrong!<< Ed, your wish is granted. I think you are wrong. In fact I disagree with you almost on every point. First of all, the book value for Apple stock is over $9. If I understand the market correctly, even if the sky should fall tomorrow Apple shares would worth about $9. There are probably a dozen reasons why the stock dipped last week; I don't believe either the CEO search or the uncertain Q1 98 result was the primary cause. I don't think many people are sweating over the prolonged CEO search. As long as the search continues, Steve Jobs remains the de facto CEO and most people seem to like that idea. No one really knows what the result would be this quarter but you make it sound like it's no longer possible for Apple to ever make a profit. They were off by 24 million on revenue of 1.6 billion. It's like saying Apple had a gross income of $1600 and lost $24. Even if the fundamentals didn't improve much profitability is certainly within their reach this quarter. Look at Apple's last quarterly income report. Quarterly variation in the amount of asset depreciation alone could swing things either way. Personally, I think the dip earlier this week was primarily due to sector wide sell off. AAPL wasn't the only stock that took a hit last week. In fact most of the tech stock that I follow were hit by over 10% drops. GVIL, SYQT, TDFX, DEC...just to name a few. As far as I know none of these companies are searching for CEOs. Some have "recovered" since yesterday like SYQT+15% yesterday and TDFX +34% today (no I didn't buy TDFX... dang it I was that close!) Being the ever AAPL optimist I think we are in a good postion going toward Macworld Expo in Jan. There may be a couple bumps along the way but I think we'll see a gain of at least 2-3 points by Jan 6. Die-hard Mac users are one of the strongest assets Apple has. It's only natural for these die-hards to promote the Mac and get their friends to buy Macs. I was introduced to the Mac over 10 years ago by a friend who is a die-hard Mac user. Since then, Mac has become a serious hobby for me. Last year alone I've convinced/helped over 8 friends to buy Macs. I don't see how that is driving Apple into oblivion. Mac die-hards are the pillars supporting this platform. If we don't get excited about Apple's new products and help make it known to the rest of the world who will? That salesman at Circuit Shitty? Apple makes the fastest desktop, laptop, palmtop, and the best operating system for personal computer in the world. 80% of the people in the world are sheeps and they don't know any better. With any luck in 10 years even sheeps will be using Macs. Eric primenet.com

To: Edward Boghosian who wrote (6633)	12/6/1997 6:11:00 PM
From: Marc Newman	Respond to of 213173

Edward, hang in there! This is a stock that you have to sell on the spikes but it is also a pretty safe investment in the sub-$19 level. I try to look at Apple purely from a business perspective. Ie, forget where it has been in the distant past, and only look where it is going in the next year or less. Try to take advantage of the street being against it. And try to take advantage (cold as it may sound) of the people forced to sell it for a tax loss this time of year. I think you're right that the lack of a CEO is putting a drag on the stock, not that it causes people to sell but that it causes fewer to buy. However, this can all change in an eyeblink and January might be a good time for the co. to lay out a stronger roadmap as to where Apple is going. With all their cash, technology, and brand name they have a lot of options. Where I disagree with you is the quarterly results. I think Apple has plenty of cushion to boost the numbers into profitability. Right now I'm thinking .05-.14 on the positive side. Last year's Christmas was terribly disappointing on $2.1 billion in revenue. This year's Christmas would be a success on $1.75 billion in revenue. That's the difference. Last year was not a big PC Christmas for the Mac or the Wintel crowd. This year is supposed to be different. The G3 machines are moving and have a good profit margin. Last year Apple had shortages of their powerful desktops. This year there is good availability. Last year Apple had no PowerBooks. This year they have an incredible array. Last year Apple had the clones eating away--this year the cloners are quiet and have nothing left on the high end. We'll see soon enough. As always, any discussion and/or channel checks re: how this quarter is going is welcome from anyone. Good luck to both of us, Marc