HP3000-L Archives

April 1996, Week 4

HP3000-L@RAVEN.UTC.EDU

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Subject:
From:
Bruce Toback <[log in to unmask]>
Reply To:
Bruce Toback <[log in to unmask]>
Date:
Wed, 24 Apr 1996 08:11:07 -0700
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Jim Hurst writes:
 
> I don't think it's Apple; but if they read that quote, they may not
> understand "5 billion in the bank", not after losing 760 mil in a
> quarter........
 
Note that they still have $600 million in cash and short-term investments, and
most of the $760 million loss is made up of inventory write-downs and
restructuring charges. Apple's balance sheet doesn't look like one for a
company in trouble.
 
-- Bruce

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