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

To: Bernard Elbaum who wrote (10195)	3/26/1998 5:40:00 PM
From: David Kuspa	Respond to of 213176

Adobe's 1Q98 results much lower than expected, Mac sales and Asian woes cited: "Application products' revenues for the first quarter of fiscal 1998 were $156.0 million, compared to $175.0 million reported for the same quarter of fiscal 1997. Macintosh revenues were down 36%, while Windows revenues continued to show strength, up 18% over the first quarter of 1997. For the quarter, 59% of Adobe's total application products' revenues (excluding platform-independent and UNIX products) came from the products for the Windows platform and 41% were related to the Macintosh platform. This compares to 44% for Windows and 56% for Macintosh in the first quarter of 1997." biz.yahoo.com

To: Bernard Elbaum who wrote (10195)	3/26/1998 5:40:00 PM
From: Paul Shread	Read Replies (1) \| Respond to of 213176

Adobe Systems (ADBE) 48 +3 5/8: software products company reports Q1 net of $0.33 a share, sharply below the First Call mean of $0.44 a share and down from yr-ago net of $0.61 a share. Revenues declined 12.8% to $197 mln. Company says experienced decline in MacInthosh platform revenues. Stock halted in after-hours...

To: Bernard Elbaum who wrote (10195)	3/26/1998 6:09:00 PM
From: X-Ray Man	Respond to of 213176

Actually, Bernard, one can read Apple's recent moves regarding your item (1) as an attempt to get inventory under better control, i.e., discourage vendors from over-ordering stock for fear of not getting enough of something, and then returning it all later. This has been a well known problem in the past. I don't see item (2) as particularly providing evidence one way or the other on overall sales. Every other box manufacturer has been cutting prices at both retail and wholesale levels. That Apple can't get popular products to vendors would be a problem, and if G3's are flying off the shelves, it could be true even if overall sales are accelerating. So again, no evidence there. So, I really don't see that you have provided any additional insight into either sales or inventory situation with your comments. In fact, (1) and (2) contradict each other, if we are talking about G3s.

To: Bernard Elbaum who wrote (10195)	3/26/1998 10:21:00 PM
From: e. boolean	Read Replies (1) \| Respond to of 213176

For clarification pls, are you speaking of one retail vendor or a wider sampling? Your post #10195: "But I can report that judging from the sales performance at one major retail vendor, Apple, as I said before, has serious inventory problems." Your post #9985: "From what I'm told by people in major retail outlets for Macs, Apple has a serious--very serious--inventory problem. If your source is a mid-tier vendor, aren't the problems you're describing those predicted in November when it was announced Apple was going to be selling direct and working w/ CompUSA? And in that case, the reseller's problems would not necessarily reflect problems with Apple sales as a whole.