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

To: carrngc who wrote (11046)	4/10/1998 10:31:00 AM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213176

Maybe I've been burned once too often and am unnecessarily skittish, but I'm wary of the Q2 earnings announcement. On the one hand, you appear to have solid G3 sales momentum. On the other, you have general sluggishness in PC demand(particularly in Japan), poor sales at CompUSA, and very weak results in Motorola's chip unit (not to mention a lack of PowerBooks on the market). What we could end up seeing is Apple posting decent market share performance but still falling short of the bottom-line expectations. Looking a little further out, though, I think the Wall Street PowerBook line is going to be a very hot seller (if, of course,Apple can make them fast enough). Comments? All indications shown indicate to me that Q2 should be better than anticipated. There is 7% pc growth in Japan this year and it should not be bad for Apple in Q2, particularly G3's sales. Most of G3's chips were supplied by IBM, rather than Motorola last quarter. Besides, Motorola's problem is in Asia currency crisis causing slow-down sales. CompUSA's sub-$1000 pc sales caused them problems, where Apple was not involved in that disaster area in Q2, they sold pretty decent amount of G3's. Phil