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

To: Marc Newman who wrote (8221)	2/4/1998 9:34:00 PM
From: Phillip C. Lee	Read Replies (3) \| Respond to of 213177

Marc, Who is Firestone? It seems for me that choosing CEO isn't that important anymore because I guess almost everybody cools down significantly regarding CEO announcement. Let's change a topic to foreign exchanged rates during this amazing month. The U.S. dollar has been weakened and depreciated by about 10% vs. Japanes yen (from 135+ to 123+), and Euorpean key currencies. This will significantly help Apple's revenue from foreign sales (accounts for about 50% of overall sales). It is elaborated as follows: If Japanese Yen vs. U.S. Dollar is changed from 135+ to 123+, it means $160M-$240M (10%-15% of 1.6 billion) sales volume in this country will be inflated to about $176M-$264M; Same mechanism will be applied on sales from Euorpean countries. Therefore, $0.8B of foreign sales last quarter will be inflated to about $0.88B, there is additional $80M increase due to the exchange movement benefitial to Apple. Of course, Apple would use hedging strategy to control and maximize the dollar returns, but, the bottom line is the exchange rates. Geez, I don't know how much impact will be to Apple's Q2 for additional $80M since there are already so many positive events that will contribute to Q2's final numbers. The above is not speculation at all, rather, it is merely from the current trends of currency exchanges and the result should be pretty accurate. Phil