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

To: tschneider who wrote (23987)	4/14/1999 5:45:00 PM
From: Adam Nash	Read Replies (4) \| Respond to of 213177

Anyone who thinks that the covertible debt is going to dilute doesn't understand what they are talking about. The fact is, the convertible debt is already included in the "fully diluted" earnings calculation. (Or so I have been informed) That convertible debt is a big ball and chain hanging on the stock price, and once it is gone, we will all be better off for it. Unfortunately, that means we will have selling pressure as people who cash in their bonds get stock and then sell it. On a valuation basis, Apple should be at 60 easy. There is no way around how strong current earnings are coming in.

To: tschneider who wrote (23987)	4/14/1999 6:36:00 PM
From: Jonathan Bird	Read Replies (1) \| Respond to of 213177

Apples checkered past shows last five earnings release..drop by 20% keep close eye in am At some point this pattern is going to have to be undone. As soon as you can identify some pattern as predictable then you know its nearing an end. Considering that the stock is already in a position of relative weakness compared to other earnings reports, I think now is as good a time as any. Jon Bird