July 01, 1997

Apple bottoms out...for now

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Paul Thurrott
WinInfo
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Apple Computer stock hit a ten-year low today of 13-3/16, falling 7.5 percent. Last Thursday, an unidentified investor thought to be Steve Jobs sold off 3.4 million shares of Apple stock, causing the stock to fall dramatically. Today, analysts blame the drop on Power Computing, the most successful Macintosh clone maker, which recently announced an IPO based on PCs, not Macs.

Microsoft CEO Bill Gates, in a speech to 5,000 educators at the National Educational Computing Conference in Seattle said "I think the Macintosh is going to continue to be very, very important in the educational environment for a long, long period of time." However, he urged attendees to provide students with the technologies they would use in the real world: Windows personal computers.

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