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

To: Marc Newman who wrote (7250)	1/6/1998 1:47:00 PM
From: Eric Yang	Respond to of 213173

Guesses on our next open? $18? $20 5/16? :) Don't remind me. I'm pounding my head right now. Should have drove up to SF instead of guarding this dangerous terminal. Eric

To: Marc Newman who wrote (7250)	1/6/1998 1:48:00 PM
From: J R KARY	Respond to of 213173

Marc did you guess 20 5/16 I have 5 fingers on the trigger Could it be a soft number non-recurring profit from Power's deal ? Edit I'm still holding looking for $23 - 28 Jim K

To: Marc Newman who wrote (7250)	1/6/1998 2:18:00 PM
From: GS_Wall Street	Respond to of 213173

First quarter profitability was primarily due to higher gross margins and continued cost cutting. The Company also benefited from the following new products and initiatives announced during the quarter: Quick calculations of 1.575 Billion in sales Gross Margins of 75.7% still above industry averages down from last quarters 80.2% give gross profit of 383.37. Keep expenses the same to slightly down from last quater and presto. 45 Million dollar profit. Over time Apple should be able to get margins down in low 70% level if they hope to compete long term while making money. Sales are a littel dissapointing. Although Apple hit full stride in mid Nov. Next quarter should see incremental sales improvment.