Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: louis mason who wrote (8130)	2/2/1998 2:39:00 PM
From: Eric Yang	Respond to of 213176

The CompUSA store in CulverCity was converted over a month ago. It looked pretty good when I went there last month. There was an Apple specialist (CompUSA employee) as well as a visiting Apple rep. The store had all the machines setup...etc. Last weekend I drop by the store and it looked like crap. No salesperson to be found. All portables were removed for some reason (no PowerBooks, eMates...nothing! I saw over 12 6500s sitting there. A woman had some questions but couldn't find a salesman around. I was pretty darn pissed by what I saw. I tried calling the store manager later but was transfered to a pager number...then I got a message saying that the voice mail/pager number is not available...click I'll probably drop by the store again today to see how things look. If it looks anything like what I saw last week..I'm going to give them hell. Eric

To: louis mason who wrote (8130)	2/2/1998 3:11:00 PM
From: Marc Newman	Read Replies (1) \| Respond to of 213176

Eric, Louis, if Apple is going to pull their stock from all national retailers except CompUSA, then Comp is going to have to live up to the deal. That explains the San Antonio conversion but doesn't really give the SoCal stores any slack, now does it? If the conversion has been completed then I would've thought we'd see that trumpeted in CompUSA's Sunday newspaper inserts. I looked but instead of any store-within-a-store news, just a third page on the 250 mhz 6500 and the tagline, "Mac is back!" Yeah, well, we'd like to think so. We'll probably see the ads when Comp gets everything tidied up. Give 'em hell anyway, Eric. Keeps them on their toes. I bought more today at 17 9/16. My small buy near the close on Friday for 18 7/16 isn't looking so hot. Anyway, the thought last week was that we should at least get back to 19 1/2 and I'd get a point, possible much more if news would cause us to break twenty. Now the thought is that at 17 1/2 Apple is plainly undervalued. As for this quarter, I started bearish and then the new cost structure and continued good execution by Apple made me less bearish. The news that Apple is pulling inventory from all these chains (and knowing how out of date the stuff is--at best Circuit City had the old 6500s) makes me wonder how they are going to move all those boxes without an inventory write-off. Sounds like the $1000 Mac is here. I like the close ties with CompUSA--there's no better national chain to be affiliated with, yet I wonder about pulling everything from the other stores, just when Apple seems to be on the verge of running good ads and coming up with a low-priced machine that people actually want. Anyway, Marc