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

To: Marc Newman who wrote (13763)	5/18/1998 4:27:00 PM
From: Zen Dollar Round	Respond to of 213182

PS--Jim, Jobs disengagement from MacWorld July? Did I miss something? Apple said that Steve Jobs would not be attending MacWorld NY, but would instead show up on a satellite feed. Mandich or some other suit will give the keynote. I forget the exact person.

To: Marc Newman who wrote (13763)	5/18/1998 4:46:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213182

<<I use a quarterly revenue baseline of $1.5 B since I think we'll see a move back to near that level this quarter. This is on 4% market share. 5% would equal another 20% revenue gain, ie $300 million more a quarter. Now say that margins suffer some as Apple gains share by selling lower priced machines. Let's go with 20% gross margins. If expenses could stay the same as now, ie sub-$300 million, then that's a free and easy $60 million extra gain a quarter, $240 million a year. Say Apple gets to 6%, we've got about half a billion in extra profits from lean and mean Apple, on top of the $200 or so million that it is due to earn this year at 4% share.>> Excellent analysis, Marc. my estimate is close to what you have here. I think Apple's getting better after iMac is available in August. However, we should get back to about 1.5b revenue in current Q3, which will bring in about 70m-85m net (or at least $0.58-$0.60 per share). During now and Q3 reports (around 7/15), the stock may swing a bit wider, but should be following the overall tech trend. MM's have pushed all they could to reduce the payout for May calls today's remaining options. They should be happy about the results. For long investors, there is nothing different since tomorrow will be another new day without any impacted parameter like options. I think momentum investors are the major players in Apple's stock. As long as no significant momentum, the price seems to be easily controlled by MM's, like any other tech stocks. Phil

To: Marc Newman who wrote (13763)	5/18/1998 5:36:00 PM
From: J R KARY	Read Replies (1) \| Respond to of 213182

S Jobs has a scheduling conflict - no in person MacWorld A first for him , as the show lasts 4 days in NYC , then maybe Amelio's AAPL 1 (CEO plane) is unavailable . Last year Boston's TV screen featured Gates behind El Trabajo on stage , but it looks like VP Phil Schiller is the emcee this year : " MACWORLD Expo announced that Steve Jobs and Phil Schiller will deliver the keynote address at this year's MacWorld Expo in New York on Wednesday, July 8, from 9:00 am - 10:00 am. Jobs will participate via satellite during the opening keynote presentation hosted by Phil Schiller, Apple's vice president of worldwide product marketing. "This year's summer MacWorld is going to be a milestone event - a chance to be a part of Apple's future," said Jobs. "We think you'll like what you see. " Maybe it is just his way of soft pedaling Rhapsody's expected roll-out , and nothing more . Regards, Jim K. Source: macworldexpo.com