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

To: Eric Yang who wrote (8696)	2/23/1998 8:26:00 AM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213173

Eric, Again, you have accomplished an outstanding job on Q2 prediction, which provides us all the detailed insight of revenue/net as well as their rationales. Geez, I should give you more difficult task to do regarding Apple's stock. How about based on stock's price/volume in the past, try to figure out the direction of the stock in short, mid, and long terms basis. Could you elaborate more about post# 8687, so everybody here would understand better about what happened before and what will occur in the future from volume/price aspects. Thanks. Phil

To: Eric Yang who wrote (8696)	2/23/1998 10:01:00 AM
From: Mark Palmberg	Read Replies (2) \| Respond to of 213173

Cupertino, CA MONDAY (Reuters)-- In a surprise move on Saturday, Apple interim CEO Steve Jobs pegged well-known Internet Mac guru Eric Yang for the company's new top spot. "This guy just knows his stuff backwards and forwards," Jobs said in an interview from Apple headquarters here in Cupertino shortly after the announcement. Jobs is expected to step down within the week to return to his duties at Pixar, citing full confidence in Yang's abilities. "I can't imagine the company in better hands at this point." <gg> Happy Monday, all. Mark

To: Eric Yang who wrote (8696)	2/23/1998 2:06:00 PM
From: Alomex	Respond to of 213173

I've added the discussion section to Apple Q2 98 Earnings Estimate page. Good work, Eric! As I explained before, I believe gross margins will be down for this quarter, to somewhere in the vicinity of 20%. I think Apple is on course to finish the year with a steady source of profits of about $100-$200 million p.a., while still in revenue decline mode. Thus I consider that Apple at around $20 per share is properly valued. My prediction for share price at the end of the year is $16-$22 per share.