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

To: Edward Boghosian who wrote (8013)	1/27/1998 8:45:00 PM
From: Phillip C. Lee	Read Replies (2) \| Respond to of 213173

Apple has taken into account on Claris restructuring costs: biz.yahoo.com How much could Apple save due to the layoff of 300 head counts? It's about $30M annually, which means $7.5M for every quarter. Those who got laid off should be able to get a job easily under current excellent job market condition, especially software developers. Apple's stock in today's market shows as a typical waiting-game. The volume was fading to under 1M (similar to pre- or post-Christmas day). The price still shys away from $19.75 (today's range $19.6875 - $19). No significant big buyers kicked in except at the early session. Can we re-test $19.75 tomorrow? It depends upon how money managers as well as individual investors/speculators interpret Claris' consolidation. To me, it's good sign for Apple to become meaner, leaner, and more profitable, even could reflect in the current quarter. Phil