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

To: BillHoo who wrote (21951)	1/6/1999 1:55:00 PM
From: Andrew Danielson	Read Replies (4) \| Respond to of 213173

Elaboration from CIBC: courtesty of cog1717 from RagingBull: Apple Computer Inc. (AAPL) 42 1/8 -1 3/16: CIBC Oppenheimer downgrades iMac maker from "hold" to "underperform" as the best of the iMac product cycle appears to be behind the company; shipped 522,000 units in December quarter, below firm's estimate of 570,000 unit shipment and more aggressive estimates of 700,000; margin and average selling price likely to decline going forward; FY99 EPS estimate likely to be revised downward following Q1 conference call as management may temper expectations in the seasonally slower march quarter; sees downside risk of $30 to $35.... ----- 700,000 iMacs estimated for Q1????? And they had a hold rating at the time? Are these people on some kind of controlled substance? If they were expecting 570,000-700,000 iMacs, I would LOVE to know what their Q1 estimate was. This is another example of someone pigeon-holing AAPL into being a one-product company. Apparently, they ignored Yosemite, don't care about the upcoming consumer portable, haven't heard of OS X, and thinks that the tangerine iMac will do even worse than I think it will! :-) Andrew