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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (11967)	1/23/1998 6:52:00 PM
From: Glenn D. Rudolph	Respond to of 22053

Apple says market share fell sharply in 1997 Reuters Story - January 23, 1998 16:53 %DPR %BUS %US AAPL MSFT CPQ IBM V%REUTER P%RTR CUPERTINO, Calif., Jan 23 (Reuters) - Apple Computer Inc. disclosed in a yearly financial filing that its U.S. and worldwide market share fell sharply in its fiscal 1997, amid declining sales of its Macintosh computers. The worldwide market share of the Cupertino, Calif., company fell to 3.1 percent in its fiscal fourth quarter, which ended Sept. 30, 1997, down from 5.2 percent the year before, Apple disclosed in its 10K filing with the U.S. Securities and Exchange Commission. In the United States, its share fell to 4.3 percent from 6.6 percent, the company said. Apple, the biggest personal computer maker in the United States in the early 1990s, has seen its market share and clout collapse in the past three years as its Macintosh computers lost out to personal computers based on standards set by Microsoft Corp. and Intel Corp. In the quarter ended Dec. 31, 1997, Apple reported a profit of $47 million, or 33 cents a share, on strong sales of its powerful new G3 models. But the company had reported $1.8 billion in cumulative losses in the previous two years. Sales for 1997 fell 28 percent to $7.1 billion. Apple also said it believes its sales will be below the level of the prior year's comparable periods "through at least the second fiscal quarter of 1998, if not longer." Apple's second quarter ends March 31. Apple stock rose 12.5 cents to $19.375 in afternoon Nasdaq trading.