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

To: Gary Ku who wrote (11074)	4/12/1998 9:35:00 AM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213176

The main reason for the survival of AAPL after big losses quarter after quarter is the huge amount of its cash reserves. Now, after big charges quarter after quarter, the cash reserves is much lower. Check the latest Quarterly reports (10-Q) before you talk. Last quarter's little positive earnings is pity at best compared to the heavy charges many times before. How many heavy charges can AAPL afford before it is out of cash? What charges? Besides, the small amount of positive earnings comings from cost cutting and paid to the executives huge amounts of stocks and options. Share holders's interest is diluting fast as a result, since AAPL's market share is not increasing but decreasing. How much more dilution of interest can you afford? The previous Q1's earning was significant. Q2 will be better than anticipated. The number of Apple's outstanding shares are still far less than any competitors. As long as it starts to make sustainable net incomes, the number of shares will be adjusted accordingly. Anderson will provide rationale for 17m allocated to future CEO & executives if they want the approval. Phil

To: Gary Ku who wrote (11074)	4/12/1998 9:51:00 AM
From: Idomeneus	Read Replies (1) \| Respond to of 213176

Gary-- Apple currently has plenty of cash on hand. Three quarters ago, they had $1.2 billion in cash and short term investments, two quarters ago that was bumped up to $1.35 billion, and the last reported quarter they had $1.6 billion in easy to access funds! Apple is hardly cash poor. I think the MOST cash Apple ever had on hand at the end of any quarter was $1.8 billion (under Amelio, before the NeXT purchase). In essence, though, their cash position has increased over the past few quarters. This is something I tend keep a close eye on, seeing that I agree with you that if a company has no money to play with, it won't be able to compete. It'll be interesting to learn what their cash position is like in the latest quarter, especially after the massive advertising campaign, but I have a feeling it will have gone up even more, especially if they post large profits. Notwithstanding the $47 million profit last quarter, a lot of the increase in their cash reserves can probably be attributed to good investments (the market has been really good lately). Also, don't forget that Microsoft is paying Apple an undisclosed sum of money over the next 3 years (beyond their stock investment of $150 million), a fact which was not publicized at the MacWorld Expo where the Microsoft announcements were made, but was indicated by one sentence in Apple's press release about the Microsoft partnership. Supposedly, this money was to settle all outstanding patent lawsuits between Microsoft and Apple, and to insure no further patent lawsuits for the next 5 years. The amount Microsoft is paying Apple is unknown, but rumors/guesses have ranged from $200 million to $1 billion. In short, though, Apple does have a good amount of cash. If I have any of the above numbers wrong, please pardon my dusty memory. Paul Arthur

To: Gary Ku who wrote (11074)	4/13/1998 1:09:00 AM
From: Arlen Sanders	Respond to of 213176

Cover soon Gary. You're sounding desperate.

To: Gary Ku who wrote (11074)	4/13/1998 9:23:00 PM
From: Zen Dollar Round	Respond to of 213176

The main reason for the survival of AAPL after big losses quarter after quarter is the huge amount of its cash reserves. Now, after big charges quarter after quarter, the cash reserves is much lower. Besides, AAPL is count on one person too much, Steve Jobs. He doesn't even accept the CEO offer, you can figure out how bleak AAPL's future is. You don't want to be an emperor, if you know the empire is collapsing. What a bunch of crap! I suggest you take a look at the balance sheet before you pop off again, otherwise you simply look stupid. Apple has well over $1 billion in cash, so their cash situation is not poor. As for the CEO position, as I understand it, Steve Jobs is simply trying to reconcile his personal life and the fact that he's already the CEO of Pixar. He wants to spend more time with his family, and right now the temporary CEO position suits him just fine. Do you really think he's going to let his baby be controlled by someone else? I don't think so... He's gotten Apple back, he won't let it go again. I can't wait for earnings on Wednesday when you and the rest of the ill-informed naysayers on this forum will be eating a big helping of crow. And if by some quirk they don't make at least $21 million this quarter, I'll be eating some.