Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Phillip C. Lee who wrote (16401)	8/10/1998 10:11:00 PM
From: Travis	Read Replies (1) \| Respond to of 213177

It seems all of a sudden all the good news just dumps on us. I need a little longer time to digest since they make me dizzy now. Phil-hang on! It's still spinning! (and where is Kurt with those damn pom poms!?!) Read this from infoseek.com "We're coming off our best Apple Sales Quarter in history and now expect to surpass that record with iMac," said Ahron Schachter, DataVision VP & General Manager." For those that missed it, I'll repeat: The DataVision VP & GM said *We're coming off our best Apple Sales Quarter in history* Woo hoo!!! Here's more: "If you've been thinking about buying a Pentium-powered PC, put it out of your head until you see iMac," said Jimmy Garson, DataVision CEO. (ps-DataVision is computer store with an ASWAS, put in place before compusa i might add, located in Manhattan and long island) KURT WHERE ARE YOU? DO I HAVE TO HOLD THESE POMS BY MYSELF? :)

To: Phillip C. Lee who wrote (16401)	8/10/1998 11:12:00 PM
From: soup	Respond to of 213177

> Did Fidelity give Apple a "buy" recommendation or just "hold" rate?< Phillip; I don't believe Fidelity issues recommendations. Brokerages (such as Donaldson Lufkin, Jenrette) perform research, make markets and collect commissions in effect work the "sell" side. They issue recommendations in order to publicizing their analytical expertise as well as to influence the price of a stock -- after they establish their position. Fidelity is a mutual fund conglomerate ie: they work the "buy" side. They make their living selling management services to (passive) shareholders. They're legally required to perform periodic disclosure of fund holdings. A fund manager may talk up a stock for the above reasons, but it's likely to be an off-the-cuff remark. They don't maintain coverage and are not counted by Yahoo! (etc.) in analyst consensus. Many brokerages work both the "buy" and "sell" side; Merril Lynch, Paine Webber, etc. which do fee-based transactions as well as maintain a stable of mutual funds.