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

To: Andrew Danielson who wrote (16796)	8/17/1998 3:43:00 PM
From: Mark Palmberg	Respond to of 213177

This is pretty cool; sorry if it's already been posted: <http://www.msnbc.com/news/TECHIMAC_Front.asp> Nice iMac coverage. Mark

To: Andrew Danielson who wrote (16796)	8/17/1998 4:14:00 PM
From: soup	Read Replies (3) \| Respond to of 213177

The problem with selling at $41 15/16. I wouldn't know where else to put the money! It's simple boys and Linda, I don't have that many good ideas. I can't think of another company that I have as much knowledge of, or confidence in, as AAPL. 1) Yahoo! still rates AAPL 9th out 9 computer makers in analyst sentiment (and it's still leading the S&P 500 YTD!) 2) By comparative valuations it's still very cheap. 3) The hardware/software product outlook is outstanding. 4) Advertising/promos/corporate image among are first rate. A stock picker's dream is "lousy sentiment" and "improving fundamentals". AAPL qualifies. My first question before buying is "Do I like it better than cash?" In almost everything else, the answer is "no". Everthing else I own is facing a headwind, AAPL has been pushing my portfolio ahead. Cash would just dampen the downturn. With AAPL, on a end of year time-frame, I see the market starting to value it on 1999 earnings on the order of $3 share. With all the possible news and analyst upgrades, I have no confidence that if I sold at these levels, I'd have a chance to buy the shares back cheaper.