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: Andrew Danielson who wrote (17936)	9/14/1998 12:55:00 PM
From: Andrew Danielson	Read Replies (1) \| Respond to of 213177

Ketchup. . .catsup. . .catch up An update to the most recent PE's for the computer industry will illuminate why CPQ and AAPL are underperforming. Using today's prices, with AAPL at 38 1/4, GTW at 52 1/8, CPQ at 32 3/8, and Dell at 59 3/4, the PE's are: AAPL : 18.75 GTW : 18.82 CPQ : 18.61 DELL : 57.45 Note Dell's dramatically higher PE than my previous statements. Reason? Dell's cutesy way of labeling fiscal years had me using their FY00 on previous estimates instead of FY99. The previous estimates on Dell's forward-looking PE should be disregarded. Meanwhile, this is about as tight a range as the top three get. I think part of getting the iMac sales news to impact the stock is for the analysts to raise those '99 (or Q4) estimates. Quicken.com currently has AAPL's FY99 at $2.04, up from a recent $2.01 but still extremely conservative IMO. In the meantime, it looks like AAPL may continue passively following the market and/or computer sector's overall fortunes. Now that AAPL's PE has come back in line with other computer stocks, I expect its underperformance will cease. Andrew