Path: utzoo!utgpu!news-server.csri.toronto.edu!cs.utexas.edu!sdd.hp.com!think.com!snorkelwacker.mit.edu!stanford.edu!neon.Stanford.EDU!torrie From: torrie@cs.stanford.edu (Evan Torrie) Newsgroups: comp.sys.amiga.advocacy Subject: Re: Stock prices Message-ID: <1991Jun25.071250.5743@neon.Stanford.EDU> Date: 25 Jun 91 07:12:50 GMT References: Sender: torrie@neon.Stanford.EDU (Evan James Torrie) Organization: Computer Science Department, Stanford University, Ca , USA Lines: 37 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..."