mykes@amiga0.SF-Bay.ORG (Mike Schwartz) (06/25/91)
Historically, the 3rd quarter is CBM's slowest, and the stock price has been dropping lately. August 1990 (after Kuwait invasion): CBM ~$4 APPLE ~$26 (Apple bought back 10 Million shares of stock at that price). High since then: CBM ~$22 APPLE ~$69 (my memory is a little foggy on this) Today: CBM $12 1/8 APPLE $41 3/8 IBM has been sucking wind lately, and as institutions have been expunging their portfolios of ALL High-Tech stocks, CBM and Apple have been hit as well. Interestingly enough, Apple has done several things to boost its stock price, including laying off 1500 (the number I heard) people. Despite this, the stock hasn't rebounded from a very poor earnings report which caused Apple to drop $20 in about 3 days. -- **************************************************** * I want games that look like Shadow of the Beast * * but play like Leisure Suit Larry. * ****************************************************
torrie@cs.stanford.edu (Evan Torrie) (06/25/91)
mykes@amiga0.SF-Bay.ORG (Mike Schwartz) writes: >High since then: > CBM ~$22 > APPLE ~$69 (my memory is a little foggy on this) It went to $72. >Today: > CBM $12 1/8 > APPLE $41 3/8 >Interestingly enough, Apple has done several things to boost >its stock price, including laying off 1500 (the number I heard) >people. Actually 900, with another 300 in the next few months [SJ Mercury]. >Despite this, the stock hasn't rebounded from a >very poor earnings report which caused Apple to drop $20 in >about 3 days. Of course, I'm not on Wall Street, but I'm still amazed by this very poor earnings report. Profit for 1990 Q2 = $131.8 million. Profit for 1991 Q2 = $131.1 million on 20% increase in revenues, after Sculley etc had been saying for the past 6 months that the introduction of the new Macs would cause Apple's gross margin to drop significantly. I don't know if these analysts had their heads in the sand, or what. -- ------------------------------------------------------------------------------ Evan Torrie. Stanford University, Class of 199? torrie@cs.stanford.edu "And in the death, as the last few corpses lay rotting in the slimy thoroughfare, the shutters lifted in inches, high on Poacher's Hill..."