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

To: Zen Dollar Round who wrote (12010)	4/22/1998 3:27:00 PM
From: Robert E. Winston	Read Replies (1) \| Respond to of 213176

Anyone have word on how the Apple shareholders meeting went? From MacIntouch <http://www.macintouch.com/> \|> Henry Norr called in a report on Apple's shareholder meeting \|> today, and he'll be filing a full report a little later. There \|> were no major surprises, but some of the votes reflected \|> concerns. The formal part of the meeting took only about 15 \|> minutes. A vote to "declassify" Apple board members (item 2) \|> failed, because a majority of shares was not voted. Other \|> items were approved, but there were contrary votes on Item 4 \|> to set aside 17 million shares for executive stock options \|> (77% of votes approved) and Item 3, stock options for \|> directors (87% voted for it). \|> \|> Following the formal meeting, Steve Jobs led disussion of \|> other issues. The first question concerned the demise of \|> Quicken and Bill Campbell's roles as an Apple board member and \|> CEO of Intuit. Jobs said that Apple had not gotten "in \|> Intuit's face" enough earlier, but Apple's secret consumer \|> plans impressed Intuit in the latest discussions, which may \|> result in a joint press release next week. Additional topics \|> included Newton, developer issues and market share/sales \|> volumes. Jobs stated his direction for Apple succinctly: \|> \|> "Our strategy pure and simple is to come out with great \|> products that customers want to buy at margins healthy enough \|> to satisfy ourselves and our shareholders."

To: Zen Dollar Round who wrote (12010)	4/22/1998 4:12:00 PM
From: Zen Dollar Round	Read Replies (5) \| Respond to of 213176

I see that AAPL dropped dramatically in the last 20 minutes of trading today. It was only down 1/2 most of the day, then dropped another full point in the last 20 minutes to close at 27 1/2, down 1 1/2. Any guesses as to why? Please, no "there were more sellers than buyers" responses, I already know that. Only thing I can figure is that people were disappointed by no major announcements at the shareholders meeting and/or no Steve Jobs announcement of permanent CEO status. Looks like we may have to wait until the WWDC for some positive news and a rise above 30. I'm guessing we may go down as far as 25 or so before then, but I hope not. Gad, Apple blows away estimates by 150% and this is all we get? Some things never cease to amaze....