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

To: rhet0ric who wrote (9866)	3/22/1998 3:48:00 PM
From: alxyz	Read Replies (4) \| Respond to of 213173

Hi folks, been lurking and have learned much from your discussions. I have April 27.5 calls, I believe the last day to trade these is April 16. My questions - when will the Q2 results be out and will it be too late to impact my calls? Alan

To: rhet0ric who wrote (9866)	3/24/1998 12:14:00 PM
From: Bernard Elbaum	Read Replies (2) \| Respond to of 213173

I don't know what assumptions you used to project a big positive earnings surprise for apple next quarter. From what I'm told by people in major retail outlets for Macs, Apple has a serious--very serious--inventory problem. Apple's main business is still selling computers in boxes, and at current prices they just aren't selling. To unload the inventory, Apple will have to cut prices steeply and absorb a loss, and is likely to do so starting in the next Q statement. Do you know when Apple announces announces next Q earnings? We should be able to tell who is right by the trend in prices starting about 10 days beforehand.