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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: David Semoreson who wrote (43706)	1/17/1999 12:03:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

David, As I said, we had a miscommunication on the expensive comment. Your other points: 1. I also think Dell is due for some tough love and not having cheap boxes is one reason. 2. Should Apple be priced at less than 15 times eps or 1 times sales? Yes, if you believe it is at peak eps and heading into a decline, as I do. In fact, if you believe as I and anyone who is paying attention believes, that current eps are very dependent upon channel stuffing, then you are even more likely to believe it is not worth the price the market is paying. And it is not like Apple has any credibility with investors, having disappointed them so often in the past when they've totally missed the market. Is it the most overpriced stock around? Nope. Which is one reason I do not have puts on it. Is it overpriced? Yup, in my eps scenario, it is wayyyy overpriced. 3. Saying that a co. currently at a cyclical peak is heading for trouble is always a fuzzy calculation. Obviously, they do not wake up tomorrow and say they are closing the doors. What I see happening is a long period of deterioration from this peak. They have a loyal but graying group of devotees who will take a while to die down to below breakeven. But the stock will not wait until the receivor is at the door, unless they change their name to Micron Tech. MB

To: David Semoreson who wrote (43706)	1/18/1999 2:43:00 AM
From: Larry Abrams	Read Replies (1) \| Respond to of 132070

QuickTime 4.0 will propel AAPL forward Right now, multimedia files such as steaming video and audio can only be part of a Webpage via a hyperlink to a dedicated server. All of that will change when AAPL releases QuickTime 4.0. (Hopefully Microsoft won't impede APPL this time as it has learned its anti-trust lesson) iMacs will be come the platform of choice to develop (and more importantly, to read) multimedia Webpages with steaming audio and video WITHOUT requiring a dedicated server thanks to QT 4.0