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

To: J R KARY who wrote (9806)	3/21/1998 10:19:00 AM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213173

As the stock price is getting higher, it will be more attractive to Jobs to stay as CEO since he could exercise his right on such 17m shares to be voted by shareholders stated in proxy. I have no doubt that shareholders will give an o.k. signal for stock allocation for executives as long as the stock price continues to stay at the current level or higher. It was quite clear that Ellison help Jobs get the current spot long time ago. But, Ellison paid a decent price for that. He used to lose $3b in one day due to Oracle's slow sales, and I believe also in part because of his making waves during Dr. Gil's administration. Personally, I would give Dr. Gil to execute through his 3-year plan before I give up on his. It is also quite clear that IBM has more or less impact the future of Apple's CEO selection. The reason is quite simple - IBM made G3's chips with copper technology, which is getting more important for Apple's sales in the future. Cannavino is an ex-IBMer with high rank position at IBM. If he steps in as an Apple's CEO, the pro is a better connection with IBM, but the con is worse relationship with Microsoft as opposed to Job's. Well, it is quite clear that Jobs has been doing an excellent job for Apple so far and will continue to be an excellent CEO. Besides, most of key positions at Apple are from NeXT. Therefore, who can replace his current position at Apple is doubtful indeed. Phil