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

To: Andrew Danielson who wrote (17880)	9/12/1998 10:10:00 AM
From: Phillip C. Lee	Read Replies (2) \| Respond to of 213177

The following is from prince Alwaleed Bin Talal's response in Money magazine October, '98 issus: Q: Let's talk about some of your US stocks. How in the world did you know Apple was a good buy last year? A lot of people said this company is dead. A: Apple is a typical example of what I do. It's a company I always liked and admired, and it's an incredible name. You has COmpaq, Hewlett-Packard, Dell, Gateway, but I'm telling you, the name Apple is an incredible brand. It has customer loyalty, which is very crucil. It produces good products. So I was waiting for the company to put its house in order. And a few things have happened. Mr. Jobs is almost full time there, and their latest product, the iMac, is a smash. Apple is going through a major turn right now. It has the worst behine and is going upward. Q: What was your cost basis on Apple? A: My average cost was around $17.5 to $18 a share, and now the stock is around $39, so basically we doubled this. Courtesy to Money Magazine. Hmm..., it's an interesting assessment from the prince. I think his 5% of AAPL's total outstanding shares will be paid handsomely in the future. Phil

To: Andrew Danielson who wrote (17880)	9/13/1998 4:11:00 PM
From: Andrew Danielson	Read Replies (2) \| Respond to of 213177

Some positive iMac feedback See the following ZDnet "Talking Back" section about reactions from people who have purchased an iMac. zdnet.com I surfed through the 100+ messages and will give you an executive summary. Overall, the reactions were 90% positive. Who responded? A good mix. We had current Mac users who bought a second machine. People with old Performas who finally upgraded. Lots of people speaking on behalf of first-timers they had purchased an iMac for (fathers purchasing one for daughters, mothers, etc.). Some had multi-platform households while a few reported switching away from the PC with this their first mac purchase. Common comments: Fast, cute, internet connection fast, easy to use. The machine seems to live up to its billing in those respects. Some negative comments: some had internet connection problems, although not more than maybe 5 out of the 100 plus messages. Some complained about CD-ROM problems--it's too noisy or vibration problems are preventing the drive from reading some CD's. Another complaint is that apparently control/command/restart does not succesfully restart the iMac after a crash. One has to physically unplug the thing to get it running again. Of course, this "survey" has an inherent survivorship bias. Only those who have successfully connected to the internet using a computer could possibly be responding. Hence, a user with a dud iMac w/out an alternative connection are not having their voices heard. This bias, however, tends only to exclude those who are first-timers. Upgraders probably already had an internet connection w/their previous machine and would be more than interested in sharing their horrible experience with the iMac. Therefore, I must say that reading these responses have left me heartened. Andrew

To: Andrew Danielson who wrote (17880)	9/15/1998 1:59:00 PM
From: Edward Boghosian	Read Replies (2) \| Respond to of 213177

Andrew: I see you like a lot of stats. When you use "real growth rate", what are you referring to-appreciation of the stocks in the averages, the GNP or whatever? Do we both agree that stocks have appreciated at a greater rate then the historic average rate of appreciation. Although, from what you write, this 20%-30% "real growth" is making up for an undervalued stock market. Anyway, this is what I think part of your message states. But then you state that 20%-30% is unsustainable and if you agree to this and you feel it is unsustainable then a correction has to occur. I get the impression you think the correction would be a gentle one. Past history of the market, which one cannot assume will still be the case, has given us much more of an abrupt drop than, I think, you envisage for the market. My feeling is the market will have a correction, which we haven't experienced yet, that is why I have put some monies into a money market fund for a short period of time. I agree, the stock market is the best place to have your money in the long run, excluding the real estate. I'm sure I haven't touched all bases but this is enough.