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To: Eddie Kim who wrote (11360)4/15/1998 4:53:00 PM
From: Linda Kaplan  Respond to of 213173
 
News Alert from Reuters via Quote.com
Topic: (NASDAQ:AAPL) Apple Computer Inc,
Quote.com News Item #6125976
Headline: TABLE - Apple Computer (NASDAQ:AAPL) Q2 results

======================================================================
CUPERTINO, Calif, April 15 (Reuters) -
(Dollars in millions, except per share amounts)
THREE MONTHS ENDED SIX MONTHS ENDED
Mar 27, Mar 28, Mar 27, Mar 28,
1998 1997 1998 1997
Net sales $1,405 $1,601 $2,983 $3,730
Costs and expenses:
Cost of sales 1,056 1,298 2,281 3,030
Research and development 75 141 154 290
Selling, general and
administrative 223 348 457 720
In-process research
and development -- 375 -- 375
Restructuring costs -- 155 -- 155
1,354 2,317 2,892 4,570
Operating income (loss) 51 (716) 91 (840)
Interest and other income
(expense), net 8 8 15 12
Income (loss) before provision
for income taxes 59 (708) 106 (828)
Provision for income taxes 4 -- 4 --
Net income (loss) 55 (708) 102 (828)
Basic earnings (loss)
per common share 0.42 (5.64) 0.78 (6.62)
Diluted earnings (loss)
per common and common
equivalent share 0.38 (5.64) 0.71 (6.62)
Common shares used in the
calculations of basic
earnings (loss) per share
(in thousands) 131,969 125,609 130,021 125,071
Common and common
equivalent shares used
in the calculations of
diluted earnings (loss)
per share (in thousands)
145,915 125,609 142,769 125,071

Copyright 1998, Reuters News Service



To: Eddie Kim who wrote (11360)4/15/1998 5:16:00 PM
From: Spartex  Respond to of 213173
 
Eddie:

So good thoughts on Apple. Its just too bad that you don't have the same faith in NOVL's Eric Schmidt. Sure the jury is out, but I believe the verdict will be in, in just a few short months.

Regards,

QuadK <s>



To: Eddie Kim who wrote (11360)4/21/1998 2:20:00 AM
From: Marc Newman  Respond to of 213173
 
Hi Eddie,

Glad I drew you over here for a quick visit. You are right about Apple pulling an IBM. The only difference is that we're looking for a triple in a year instead of a quad in four years. :)

Disagree about Jobs taking the CEO job being worth a point or two. I think it is worth twice that, especially at this juncture.

Apple is poised for a breakout. As Eric said a few posts back, is $30 the ceiling or the floor?

Marc


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