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

To: Andrew Danielson who wrote (17972)	9/15/1998 9:37:00 AM
From: BillHoo	Read Replies (1) \| Respond to of 213177

<<Is that a year 2000 issue?>> I'm not sure what you mean by that. Dell has a weird fiscal year that starts the '99 year this quarter, a quarter before AAPL and two quarters before "normal" companies. Hence, half of their '99FY takes place in 1998. Andrew -------------------------------------- Sorry, my attempt at wry humor. -Bill_H

To: Andrew Danielson who wrote (17972)	9/15/1998 11:18:00 AM
From: Andrew Danielson	Respond to of 213177

AAPL bottoming? I am beginning to suspect that AAPL's negative recent performance is in fact an incorporation of bad news--specifically the few recent articles highlighting AAPL's struggles to put out enough machines. Given AAPL's history, it wouldn't be surprising to see investors a little jittery when Apple is mentioned in the same sentence as words like "supply problems" and "constrained manufacturing." The recent days have been a process of discounting these potential problems. To me, this is a very good thing. If AAPL still comes out with the stellar earnings I (as well as many of you) expect, then this discounting ensures investors will truly be caught by surprise. AAPL has shown some very good stability in today's morning hours. In previous days, AAPL took any downdraft in the market as an opportunity to go down while showing resistance to following upward movement. Today, after the initial downdraft, AAPL is behaving exactly the opposite. 36 7/8-37 seems to be part of forming a key short-term bottom for AAPL. I suspect it may still be awhile before one sees substantial upward movement, however. I agree with others who have stated that we are probably in stabilizing phase; low volume days in a tight trading range. 36 3/4-38 1/2. After trading wildly in a 12-point range on huge volume for so long, this stock needs a rest. (not to anthropomorphize!--maybe I should say, investors need a rest). Andrew