The bottom line EPS (earnings per share) beat estimates by a significant margin, although revenues were a tad light, ... It looks like they're getting some traction on their restructuring program.

The bottom line EPS (earnings per share) beat estimates by a significant margin, although revenues were a tad light,

We beat analyst estimates on revenues for the quarter.

We believe today's announcement sets the stage for further share gains by Apple. Our estimates suggest that each point of share Apple takes in the overall personal computer (PC) market translates into a positive 25 cents per share to our fiscal year estimates.

We solidly outperformed on revenues, expenses, and earnings per share, and we feel good about where we ended the quarter on unearned (revenue),

On calendar year 2000 revenues, this would yield a $387.9 billion market cap, or $70 per share. This is right in line with current trading levels.