Fra dagens TidBITS
**Apple Announces Less of a Loss** -- Apple released its financial
results covering the company's first fiscal quarter of 2001,
posting a better-than-expected net loss of $195 million. This is
Apple's first quarterly loss in three years. As expected, the
company gained $49 million by dipping into the seemingly
bottomless barrel of ARM Holdings, plc. shares, selling 3.8
million, and by selling 1 million shares of Akamai Technologies
stock. Excluding the investment gains and adjustments made to
Apple's bottom line through accounting moves, the net loss would
have been $247 million, in line with the company's earnings pre-
announcement in December. The company shipped 659,000 Macs during
the quarter, a significant drop compared to the 1.12 million units
sold in the previous quarter and nearly 1.4 million systems sold
in the first quarter of 2000. On a positive note, CEO Steve Jobs
and CFO Fred Anderson reiterated Apple's strong cash position of
more than $4 billion and reported that channel inventories have
been improved to about five and a half weeks. Anderson also said
that Apple expects revenues for 2001 to be about $6 billion, in
line with 1999's $6.1 billion, but well below 2000's $7.98
billion. [JLC]
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Per Erik Rønne
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