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

To: Phillip C. Lee who wrote (16395)	8/10/1998 7:06:00 PM
From: J R KARY	Respond to of 213177

Hi Phil , Fidelity Investment's Johnson family also owns 5 % of IBM Looks like they bought some of the "notes" and in total hold 12.8 % of AAPL . The Johnson family were early backers of L. Gerstner at IBM . Their presence in IBM when made public brought in a lot more stable , long term money , and they have at least doubled the value of their IBM investment since then . Now we must wish investment lightening strikes twice (but lets wait a while) ! Regards, Jim K.

To: Phillip C. Lee who wrote (16395)	8/10/1998 7:10:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213177

The consensus estimate on Apple's Q1 '99 (next quarter) has been adjusted again from $0.59 to $0.60: biz.yahoo.com Hmmm..., it's getting better week by week and PE keeps dropping based on those upgrading estimates. I am a little confused on how much is Apple's cuurent stock real value due to its significantly improving estimated earning status. Phil

To: Phillip C. Lee who wrote (16395)	8/10/1998 7:46:00 PM
From: soup	Read Replies (3) \| Respond to of 213177

Fidelity's Impact. (Redux) The following is a post I made earlier this year. Rare is the prophet who is recognized in their own time. Thank you. No ... please. Thank you. You're too kind ... Thank you ... :) --------------------------------------------- >To: Andon (10161 ) (Trial Member) From: soup Thursday, Mar 26 1998 10:56AM ET Reply # of 16397 Fidelity's Impact. A 500K share buy just went through. (link added in following post) My guess is that the Fidelity Funds, in their hydra-headed fashion have been big buyers of AAPL stock. If an article I read about how Fidelity works is still accurate, an in-house analyst has likely become quite bullish about the stock, and a number of fund managers, with very different mandates/parameters for stock selection, are picking up on the story and have long standing orders in with in-house traders to accumulate substantial positions: * Growth - rising earnings/expanding multiples from increased G3 sales, long term software sales outlook for Quicktime/Rhapsody. * Value - Cash rich, low price/book, price/sales, tech patents, brand name, user base, etc. * Index Funds * Export/Global - AAPL has approx. 50% of revenues from overseas. * Technology - Fidelity has 6 "Select" Funds with a tech focus that would almost have to be holding some AAPL at this point. * Technical - Fidelity has some notable "quant" managers who are reading the same charts as people on this thread. * Contrarian - Sentiment on AAPL prior to this quarter could not have been lower. Funds that market themselves as "thinking different" would love to show AAPL on their ledgers for this past quarter -- even if they only bought it in the last two weeks!! * Asset Allocation - AAPL's "r2" (correlation to the market as a whole) is very low. For funds that market themselves for their "diversification value", this is very important. * Giant Funds - Assuming the 63 billion dollar Magellan Fund decided to allocate even .25% of its assets to AAPL, that would be more than 6 million (5% of AAPL's) shares at $25. Bottom Line: Fidelity is very performance driven and has a lot of mouths to feed. I can't wait to see the March 31 O'Neill's (due mid-April) to see which institutional investors have been adding AAPL to their portfolio this past quarter. If I'm right (and I almost always am) :), we should see a lot of fund managers talking up AAPL stock after the quarter, now that they acquired their positions. soup< exchange2000.com