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

To: X-Ray Man who wrote (8491)	2/13/1998 11:27:00 AM
From: Alomex	Read Replies (1) \| Respond to of 213177

you don't subtract debts from cash to determine cash. But you do subtract debt from cash when using it as a valuation method to recommend purchasing shares. That is what buzz did, and he forgot to subtract liabilities (I would also recommend subtracting another 30% from what is left, because that is the kind of margin that an LBO purchaser would be looking for before buying Apple solely for the cash...)

To: X-Ray Man who wrote (8491)	2/13/1998 11:43:00 AM
From: J R KARY	Respond to of 213177

Thanks X-Ray , and AAPL's cash on hand will grow further On the large (former bond) holders , I should have added that during IBM's recovery , similar dealing rewards were realized by IBM's "early" believers. In AAPL's case , when the vultures were circling , they put up over $1 bln in cash to keep AAPL alive , and charged only 6% for the risk . IMO they are buying again after selling shares around 1/6/98 from a December conversion . AAPL's EDGARs have some details . Jim K.