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

To: Linda Kaplan who wrote (22469)	1/14/1999 12:21:00 PM
From: MeDroogies	Read Replies (1) \| Respond to of 213173

I really thought 60 was in the works.... I am still stunned at the lack of consideration AAPL gets. I understand it, I just don't get it. The Street, as I said, is fickle. How can MSFT, which has major issues (including a potentially deadly lawsuit that ISN'T going their way) be so well received when this gem is sitting out there. The only way AAPL doesn't hit 100 this year is if they mess up next quarter somehow.

To: Linda Kaplan who wrote (22469)	1/14/1999 2:35:00 PM
From: Alomex	Read Replies (2) \| Respond to of 213173

From MarketWatch cbs.marketwatch.com Salomon Smith Barney analyst Rich Gardner cut Apple to a "neutral" from a "buy," citing worries about too many iMacs sitting on shelves. The channel inventories for the iMac were five weeks at the end of the quarter, but would have been higher if retailers like CompUSA and Best Buy (BBY) didn't sell at a loss, he said. Gardner said that puts at risk Apple's ability to make second-quarter earnings estimates, which will likely be bumped higher than the current consensus estimate of 54 cents a share as analysts react to a positive first quarter. Many on Wall Street covering the computer maker Thursday raised their second-quarter and fiscal 1999 earnings and revenue targets. In a research note, James Poyner of CIBC Oppenheimer advised clients to sell Apple shares because the stock is becoming risky. Poyner contended "demand is less certain" for Apple's popular iMac machine, and that the stock could fall to $30 a share to $35 a share "in the next few months." Shares of dropped 3 3/16 to 43 5/16. But analyst Daniel Kunstler of J.P. Morgan, who rates the stock a "buy," said the introduction of new candy-colored iMacs "is producing a little after-burst in iMac ... So it could well turn out that the seasonal dip (in the second quarter) will be less pronounced than anticipated." "Apple has set the stage to sustain a profitable business model for the foreseeable future," Kunstler wrote in a research note. "The story has legs." The analyst upped his 12-month price target on the stock to $55 a share.