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

To: David Semoreson who wrote (9204)	3/8/1998 10:12:00 PM
From: Slide Rule	Read Replies (1) \| Respond to of 213173

dobr, suppose there were a 10-20% correction in the market in the next few weeks, then (say) it heads back up to current levels or higher... How do you think AAPL would fare? TIA

To: David Semoreson who wrote (9204)	3/8/1998 10:19:00 PM
From: Phillip C. Lee	Read Replies (3) \| Respond to of 213173

David, I agree with you on Apple's optimistic earning figure, but cannot support your estimated price of $30 by the year end, and other thoughts. First, if Apple could beat street's estimate by a big margin (let's say double or triple), then this stock is going to fly to $35 (the rationale has been repeatedly depicted before) in the mid of April. If only beat the street's estimate by narrow margin, then the price will linger between $25 and $30. Rhapsody is Apple's weapon that can help it sells more servers, but Apple needs to aggressively market Rhapsody into Federal Government, Schools, and publishing industry. I don't know much about MacNC since I am not quite interested in that idea, which make us back to "dumb" terminal stage. Besides, I wonder if there exists any market so far. The concept was brought up by Ellison because it will benefit to server's database/applications. Maybe I am wrong about its potential. Yes, QuickTime is another application and getting popular in all private industry as a standard form. If you look from the market value's angle, you would see Apple's been undervalued for 5+ years, it only has 3.1b, as opposed to Microsoft's 200+b, Dell's 45+b, Gateway's 5.8+b. It is ridiculously low on Apple's stock. I firmly believe the price will be adjusted with a big jump as long as Q2's is as expected. Phil