Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Senthil Sankarappan who wrote (9085)	4/15/1999 1:36:00 AM
From: Michael M	Respond to of 10072

APRIL 15 - TRUTH DAY. Rock - you long, short or kibitzing? Looking for a one word answer.

To: Senthil Sankarappan who wrote (9085)	4/15/1999 7:16:00 AM
From: Amadeo Mendez-Vigo	Respond to of 10072

From the Aapl site posting: Subject: APPLE COMPUTER To: Racso From: Mark Palmberg Apr 14 1999 4:34PM EST Reply #23957 of 24038 Apple posted a net profit of $135 million, or $.84 per diluted share compared with a net profit of $55 million, or $.38 per diluted share, achieved in the year-ago quarter. Revenues for the quarter were $1.53 billion, up 9 percent from the year-ago quarter, and gross margins were 26.3 percent and International sales accounted for 50 percent of the quarter's revenues. The current quarter's results included a $42 million net favorable impact from non-recurring items including an after-tax gain of $50 million resulting from the sale of 2 million shares of ARM Holdings plc., and a net restructuring charge of $8 million associated with "improving the flexibility and efficiency of manufacturing operations." Without these non-recurring items, the Company's net profit for the quarter would have been $93 million, or $.60 per diluted share. Apple is expected to officially announced the Rev D 333-MHz iMacs, available in five colors Strawberry, Lime, Blueberry, Tangerine and Grape today. Apple also today is expected to announce the call for redemption on June 1, 1999 of all of its 6 percent convertible subordinated debentures due June 1, 2001: "Debentures in an aggregate principal amount outstanding total approximately $661 million. The redemption price is $1,024 plus accrued and unpaid interest of $30 from December 1, 1998 to the redemption date, for a total of $1,054 for each $1,000 principal amount of debentures. As an alternative to redemption, holders of debentures have the option until 5:00 p.m. Pacific Daylight Time on June 1, 1999 of converting their debentures into Apple common stock at a conversion price of $29.205 per share." "You can always play with the truth"