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

To: J R KARY who wrote (7612)	1/14/1998 2:45:00 PM
From: Marc Newman	Respond to of 213173

Jim, a predictable trading day for AAPL. Sucker the morning buyers with a feeble attempt on twenty, then quiet as we wait for the news that can propel us upwards. Meanwhile, I think you're showing mixed loyalties--your link doesn't do much for the AAPL investor. <<gg>> Eric's link is a great one. Perhaps they just aren't going to sell any more 8600s to the education channel, but it sounds like those inventories could be low across the board. On the other hand, it is the 7300, 6500, and 5500 that are more worrisome. Those will probably be dumped on educational institutions soon, so they won't clog the channel like the Performas did. Anyway, hoping for bullish comments on Apple's inventory by Mr. Anderson this afternoon. Jobs did say it was at a low level back in Nov. and if they only sold 133,000 G3s then they sold 500,000 of the old stuff. Have to think that non-G3 levels should be even lower now. The G3s are just beautiful. High margin, easy to manufacture, in demand. I think they are making all the difference between slight losses and decent profits. Marc

To: J R KARY who wrote (7612)	1/14/1998 3:51:00 PM
From: J R KARY	Read Replies (1) \| Respond to of 213173

CORRECTED LINK: Marc Mr. Jobs is VERY serious about his 1 Q profit AAPL filed a 8 K exhibiting his "profit" news release : sec.gov SEC is now on notice AAPL will report at least $ 45 mln earnings ! Should assure the analysts who question AAPL's "quality of earnings" and may set the stage for a "positive upside surprise" . Pardon the error, Jim K.

To: J R KARY who wrote (7612)	1/15/1998 12:06:00 AM
From: Marc Newman	Read Replies (1) \| Respond to of 213173

Is Apple the first to suffer from new reporting rules? Jim, I think I may have solved our problem with missing the eps numbers, as I stupidly forgot that starting with the 4th quarter of 1997, firms have to report both basic earnings (the old way) and diluted earnings (outstanding shares plus warrants, options, and covertible stock). Maybe everybody else knew this and you've probably already e-mailed it to me but not only were we confused today but so was CNBC, etc. Apple beat numbers by two cents, with no fakery. Only the diluted numbers were below estimates. (Can't wait until Microsoft has to report their diluted numbers.) At least I think this is what happened. Media and street sentiment seems to be positive for Apple.