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

To: J R KARY who wrote (18399)	9/23/1998 3:54:00 PM
From: Marc Newman	Read Replies (2) \| Respond to of 213177

<<Gut feel is the re-tooling/ramp-up for the iMAC was paid for with the 150,000th order and orders beyond it are obscenely profitable . 150,000 was a often referenced number by AAPL management and appeared to be a goal rather than a achievement .>> Good point, Jim. All I can add is that some of the iMac parts were already purchased in quantity for the AIO and that the 233 mhz processor should be extremely cheap. <<and AAPL's impressive cash build-up (source still unknown)>> Let's remember that Apple was cash flow positive from operations even in the horrible Jan-March 1997 quarter. I think the big inventory cutdown has contributed a lot to Apple's cash, for one thing. We're making our best attempt on $38 now. Perhaps some money left the stock this morning to play elsewhere and is now returning. I know I sold a little bit this morning to buy something else. So far it's working. Marc