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

To: Hugues who wrote (9819)	3/20/1998 9:29:00 PM
From: Phillip C. Lee	Respond to of 213173

What is this week's Apple stock performance? The following is a list of simplistic statistics in recent two weeks' comparison: Price Range based on close price - this week: $26.344 - $26.9375 last week: $22.750 - $27.125 Volume - this week: 13.08m last week: 34.03m Observation: (1) The stock ran to fast last week, it jumped about 19.23%; (2) It is totally a consolidation this week and seems to converge at $26.5 midpoint; (3) Most of March calls are winners; (4) It seems to be of small volatility before Q2 report dated 4/15, except proxy report regarding CEO candidate if any; Phil

To: Hugues who wrote (9819)	3/21/1998 1:08:00 PM
From: HerbVic	Read Replies (1) \| Respond to of 213173

Could be that you are right. I'm of the opinion that Apple's earnings this quarter is going to be a pleasant surprise to all. Hence, my expectation of after earnings reflation. The sector's inventory quagmire will keep investor confidence low going into the third quarter, so I expect 30 to be the high water mark into July unless news complicates things. If Apple ships Rhapsody, there are many questions that will be answered. The effect will be positive, but I'm not quite sure how soon after the announcement the stock price will reflect the Rhapsody potential for earnings. Wall Street may wait to see how well it is received. Good hunting, HerbVic