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

To: Adam Nash who wrote (12480)	5/1/1998 6:43:00 PM
From: Don Green	Read Replies (1) \| Respond to of 213177

The Apple Chess Game Well Apple's price movement today was interesting. The volume was very light going into the last 90 mins. Then it began to pick-up at the stock's started to rise toward 27.5. Once that point was surpassed the buying really came in. Which implies short covering. When we reached 27 7/8 the stock stalled again. It slowing moved higher to 27 15/16 then a few trades went to 28 and another batch of covering.. I think the shorts are starting to weaken a bit. But as the overall market moves higher and Apple prices also move higher toward the day of reckoning at the breaking of the magic 29.75 price barrier. I imagine more shorts are being added. Hopefully one of these days we can get a strong gap up toward 29.25 which cause a ton of short covering. We almost had it the day after the annual meeting, but there was no follow thru. So now we need to make another rise to the 28 1/2 - 29 level and close there. Then a strong morning gap-up could finally pierce that Big wall of shorts at the 29 1/2 and 29 3/4. Once it is broken there will be an extreme amount of short covering. I would guess maybe 3-5 million shares will get covered in a very short period of time. Which should push the price up to the 30-32 level in a matter of mins. Then the shorts should regroup.. But they will be badly bloodied and victory will be ours... The shorts, profits are getting pretty slim, so stress is on our side. Good Luck until Monday. On to Victory!!!! Don Green

To: Adam Nash who wrote (12480)	5/1/1998 6:44:00 PM
From: Scott Crumley	Read Replies (1) \| Respond to of 213177

Adam, The 3400 project began even before Amelio was at Apple: in fact it was basically the answer to the fact that the 5300 was not going to have a CD-ROM. I may be wrong about that, but I recall that the final board design was a result of the new VP in charge of hardware that came aboard through the Jobs connection. Wall Street was born under Amelio, so not much credit to Jobs there. I didn't give Jobs credit for Wallstreet, but rather the exterior design of the product Avie, as great as he is, really did not have anything to do with Mac OS 8 going on time. Even Allegro was largely mapped before Steve took over, although there will be some influences. Avie was directly in charge of the project for many months and he and his team were credited with the rapid and effective release of OS8. Steve certainly wasn't the vision behind Rhapsody (Amelio's baby), but he will likely morph it into his liking. Avie definitely gets credit here. How can you say it was Amelio's baby when Jobs convinced him to buy Next's software as the heart of the OS? Gil had a vision for an new OS, true, but Steve got him to buy into his. And it was this purchase that allowed Jobs and his programming team, entree into Apple. I talked to Apple employees as early as January of 97' that said it wasn't clear who was running the company at that point, Jobs or Amelio. I'm not saying that Amelio doesn't deserve any credit for these achievements. I'm saying that once Jobs secured the Next deal, the people he brought to Apple had an important effect and basically Steve was leading Gil around by the nose. Gil admits in his book that he spoke with Jobs daily thoughout this period. I doubt that there's anybody on Earth that could speak daily with Steve Jobs and not have it effect their decision making. But that's just my humble opinion. Regards, Scott

To: Adam Nash who wrote (12480)	5/2/1998 3:39:00 AM
From: Zen Dollar Round	Respond to of 213177

Steve certainly wasn't the vision behind Rhapsody (Amelio's baby), but he will likely morph it into his liking. Avie definitely gets credit here. I agree with your other assertions, but not this one. Without Jobs, there would be no Rhapsody! Jobs is the one who convinced Amelio to buy the NeXT OS (and NeXT, the company) in the first place over Be, on which Rhapsody is based. When Apple purchased NeXT, former NeXT engineers immediately became Apple employees and set to work designing Rhapsody. The only credit Amelio should get here is the fact he allowed himself to be convinced by Jobs that buying NeXT was the right thing to do. Rumors had it that Jobs was pulling strings from the get-go as "technolgy consultant" and that Amelio deferred many decisions to him. This in itself laid the foundation for Amelio's ouster. I strongly agree with one thing you cite - getting rid of Mike Markkula (still Apple's largest single shareholder). That fact is seldom mentioned as one of the turning points in Apple's history, but it is very important. Along with the other dead wood, kicking Markkula's butt off the board was a great idea. He even supported Spindler at that contentious shareholders meeting in Jan. 96 when people wanted Spindler's head on a platter. Thankfully, we got it a few weeks later anyway.