DWINDLING CASH AT APPLE
THE OUTLOOK REMAINS stormy at Apple Computer. On Apr. 29, CEO Gilbert Amelio told analysts that Apple would continue to burn money for at least another six months. With cash already down to $592 million from $952 million six months earlier, the company plans to announce new financing measures in mid-May--a necessity given the piddling three-month extension it recently won on $400 million in maturing debt held in overseas subsidiaries. Researcher Dataquest figures Apple's PC market share fell to just 5.8% in the first quarter.
EDITED BY THANE PETERSON
Updated June 14, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.