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To: Phillip C. Lee who wrote (13821)	5/19/1998 3:31:00 PM
From: Adam Nash	Respond to of 213182

"Avadis Tevanian, senior vice president of Apple Computer, Inc. of Cupertino, Calif., reported on May 11, 1998 the proposed sale of 15,050 shares on May 8, 1998, for $455,263 through National Financial Services Corp." IMHO, this is nothing. Did you see the proxy statement? I believe Avie was granted 700,000 options in the past year. I have to think that includes converted NeXT options. The fact is, Avie just bought a new house in the area, to be closer to Cupertino. That figure looks suspiciously like a down payment for a house in Atherton. :) Anyway, remember that Avie is just a person, and the truth is that part of the point of equity is to convert it into money at some points in order to make purchases. 15K shares is really nothing with the option grant level the execs are operating at. Interesting - I think Avie had the highest option grant level. I noticed Steve is getting 30K options a month, and I think Rubenstein is getting 300K options? I am not sure how the NeXT options were reflected in that table in the shareholder proxy.

To: Phillip C. Lee who wrote (13821)	5/19/1998 5:50:00 PM
From: Linda Kaplan	Respond to of 213182

Phil, I think it's interesting but I realize that there can be a lot of reasons for someone to sell shares, and it appears that he has a lot of shares so that the sale is a very tiny percentage of what he has. If that's true then he may be making an expensive purchase or have some other large financial obligation he has to pay. I guess we need to look for patterns, like if a lot of the officers are selling, or if they are selling most of their holdings and also if there's some reason they don't want to be holding shares because. Like, remember when Steve Jobs sold all his shares that he got from Amelio and did it when the price was so low, before the keynote that brought the shares up to $30? It seems he was sending some sort of angry message by that sale, though it's a little hard to interpret it exactly? I would guess that the sell you found doesn't mean anything like that. Linda