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

To: Andrew Danielson who wrote (16802)	8/17/1998 6:14:00 PM
From: lucky_limey	Respond to of 213177

FYI MacWarehouse - sold out on 1,500 imacs on Friday night. 8,000+ back orders at this time and growing. Future Apple deliveries in the 2-2.5K machine range. 1-2 weeks out. hevans

To: Andrew Danielson who wrote (16802)	8/17/1998 7:15:00 PM
From: Phillip C. Lee	Read Replies (2) \| Respond to of 213177

The following article indicates that Apple will ship another 400,000 iMac's: dailynews.yahoo.com If we assume that there are 200,000 units have been delivered, then Apple will sell 600,000 units in the current quarter if all are sold. There is still 50% of volume to be sold in foreign countries after Sep. 5th. Therefore, 600,000 units to be sold out in the current quarter should be a conservative estimate. The profit will be over 100m from iMac alone. Well, the fundamental values, such as net, revenue, PE, SP are all increased due to iMac's unexpectedly excellent sales. I think some analysts will upgrade Apple prior to the Q4 report in the mid of October. HP's surprising quarter report released after bell today will bring entire tech sector up again tomorrow. Besides, most of investors looking forward to good earning reports from Dell in this week will also boost the entire sector tomorrow. I still stick my short-term price estimate on AAPL with 10% boost from $40.5, equivalent to $44.5. However, the option expiration will slow down its upward swing. If today's momentum continues, we'll be able to overcome those barriers. Phil

To: Andrew Danielson who wrote (16802)	8/18/1998 10:29:00 PM
From: Andrew Danielson	Read Replies (1) \| Respond to of 213177

I was impressed by AAPL's price stability today. The gap up in the morning was never fully closed as AAPL stayed well in the 42+ range the whole day. When I left the ticker with a few hours to go, AAPL seemed to be losing steam, falling off its plateau of 43. I expected to come back and see a close that at minimum filled the morning gap up (i.e., 41 15/16 or less at least sometime before the close). I still see 43 as a level that will be tough to conquer (as it has already been shown). Some might say it is a temporary phenomenon if one buys into the claim that options strike prices have a substantial effect on stock price (43 resistance could then be seen as resistance to going substantially above the 42 1/2 strike price). To hedge my all-cash position, I re-established a small call options position in AAPL (Jan 40's, as usual). If Jon Tara and the "flag" proponents are right, I won't wet my pants seeing 47 while if the stock flags (in a different sense) and drops to 40, I will simply increase my position. Dell should have a positive impact tomorrow on all PC manufacturers, AAPL included. After-market has it trading at a whopping 117--very near its all-time high--and a good sign for the market as a whole. I'm seeing more and more articles about how the PC inventory gluts are draining and demand is rising. While AAPL hasn't experienced the kind of problems that beset HP or Compaq, a rising industry tide still tends to lift all boats. Andrew