EFTA02343568Set 11
2017-08-023p630w
Jeffrey Epstein
Subject: Fwd: Apple, Inc.: Revving Up Ahead of Supercycle
Richard Kahn
HBRK Associates Inc.
575 =exington Avenue, 4th Floor
New =ork, NY 10022
tel
fax
cell
Begin forwarded ... message:
From: =/b>"Morgan Stanley"
Subject: =/b>Apple, Inc.: =evving Up Ahead of Supercycle
Date: =/b>August 1, 2017 at 9:32:24 PM =DT
To: =/b
Reply ... /img/cs/spacer.gif> <http://www.morganstanley.comh
Wealth =anagement
<http://www.morganstanley.com/img/cs/spacer.gif>
Apple, Inc.: Revving =p Ahead of Supercycle
EFTA_R1_01311789
EFTA02343568
Katy L Huberty, CFA =E2 Morgan Stanley
August
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02343568.pdf
EFTA00715204Set 9
2017-11-062p591w
jeevacation@gmail.com>
Subject: Fwd: Apple, Inc.: 10-K Highlights Memory Pressure and Anticipation of iPhone Supercycle
Date: Mon, 06 Nov 2017 09:07:48 +0000
Richard Kahn
HBRK Associates Inc.
Begin ... richardkahn
Subject: Apple, Inc.: 10-K Highlights Memory Pressure and Anticipation of iPhone Supercycle
Reply-To: <mswmir-cie-feedback@morganstanley.com>
2,Morgan Stanley
a Wealth Management
Apple Inc.: 10-K Highlights Memory Pressure ... Anticipation of iPhone Supercycle
Download Report
Katy L. Huberty, CFA— Morgan Stanley
EFTA00715204
November 6, 2017 5:01 AM GMT
Record levels of off-balance sheet commitments, vendor non-trade
https://www.justice.gov/epstein/files/DataSet%209/EFTA00715204.pdf
EFTA01053593Set 9
2017-02-213p626w
From: Richard Kahn
To: "jeffrey E."
Subject: Fwd: Apple, Inc.: China Key to Supercycle; Raising Estimates and PT
Date: Tue, 21 Feb 2017 16:25:42 +0000
Attachments: MSNA20170206210204.pdf
Richard ... Begin forwarded message:
From: "Morgan Stanley' >
Subject: Apple, Inc.: China Key to Supercycle; Raising Estimates and PT
Date: February 21, 2017 at 5:16:48 AM EST
To: czl
Reply ... Management
Subscription Notification
February 21, 2017
EFTA01053593
Download Report
Apple, Inc.: China Key to Supercycle; Raising Estimates and
PT
Katy L. Huberty, CFA - Morgan Stanley
February
https://www.justice.gov/epstein/files/DataSet%209/EFTA01053593.pdf
EFTA00632418Set 9
2017-02-013p603w
From:Richard Kahn
To: "jeffrey E." leevacation@gmail.com>
Subject: Fwd: Apple, Inc.: Smooth Sailing Into Supercycle
Date: Wed, 01 Feb 2017 13:42:09 +0000
stock 127 premarket
shares owned ... Richard Kahn
Begin forwarded message:
From: "Morgan Stanley"
Subject: Apple, Inc.: Smooth Sailing Into Supercycle
Date: January 31, 2017 at 9:26:29 PM EST
To: •tzl
Reply ... Subscription Notification
EFTA00632418
February 1, 2017
Download Report
Apple, Inc.: Smooth Sailing Into Supercycle
Katy L. Huberty, CFA - Morgan Stanley
February 1, 2017 2:21 AM GMT
Apple
https://www.justice.gov/epstein/files/DataSet%209/EFTA00632418.pdf
EFTA02346546Set 11
2017-02-134p683w
jeffrey E." <jeevacat=on@gmail.com <mailto:jeevacation@gmail.com»
Subject: Fwd: Apple, Inc.: Smooth Sailing=Into Supercycle
st=ck 127 premarket
shares owned: 414,000
cost basis: 98.19
<=iv class="">unrealized gain ... forwarded message:
"Morgan Stanley" <ms-wmir@morganstanley.com&g=;
Subject: Apple, Inc.: Smooth Sailing Into Supercycle
Date: J=nuary 31, 2017 at 9:26:29 PM EST
To:=
<= class="">Reply-To: <mswmir-cie-feedback@morganstanley.com ... 07a024705f721844b1399aa46449a2> = = =
=09
<http://www.morganstanley.com/img/cs/spacer.=if>
Apple, Inc.: Smooth Sailing Into Supercycle
Katy=L. Huberty, CFA — Morgan Stan=ey
Apple is ou= top pick with the upcoming iPhone supercycle accentuated
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02346546.pdf
EFTA00635685Set 9
2017-02-133p665w
jeffrey E." <jeevaeation@gmail.com>
Subject: Fwd: Apple, Inc.: Smooth Sailing Into Supercycle
stock 127 premarket
shares owned: 414,000
cost basis: 98.19
unrealized gain: 11,927,368
total position value ... Begin forwarded message:
EFTA00635685
From: "Morgan Stanley"
Subject: Apple, Inc.: Smooth Sailing Into Supercycle
Date: January 31, 2017 at 9:26:29 PM EST
To: <
Reply-To: <j
;,Morgan Stanley ... Wealth Management
Subscription Notification
e.oruary 1, 2017
Download Report
Apple, Inc.: Smooth Sailing Into Supercycle
Katy L. Huberty, CFA— Morgan Stanley
February 1, 2017 2:21 AM GMT
Apple
https://www.justice.gov/epstein/files/DataSet%209/EFTA00635685.pdf
EFTA00628762Set 9
2016-07-273p605w
Richard Kahn
To: Jeffrey Epstein <jeevacation@gmail.com>
Subject: Fwd: Apple, Inc.: Stabilization Sets Up for Supercycle
Date: Wed, 27 Jul 2016 09:19:58 +0000
Richard Kahn
211.
Begin forwarded message ... Reply-To:
WEALTH MANAGEMENT
Subscription Notification: July 27
Apple, Inc.: Stabilization Sets Up for
Supercycle
Katy L. Huberty, CFA — Morgan Stanley
July 27, 2016 1:42 AM GMT
Our FY17 ... robust
iPhone cycle in 2017.
We expect investors to begin positioning for another iPhone supercycle starting in the
EFTA00628762
next several months. The bear case is off the table
https://www.justice.gov/epstein/files/DataSet%209/EFTA00628762.pdf
EFTA02343088Set 11
2017-02-013p518w
jeffrey E.
Subject: Fwd: Apple, Inc.: Smooth Sailing Into Supercycle
stock 127 premarket
shares owned: 414,000
cost basis: 98.19
unrealized gain: =nbsp;11,927,368
total position value: =/span ... Associates Inc.
Begin forwarded message:
From: =/b>"Morgan Stanley" Apple, Inc.: =mooth Sailing Into Supercycle
Date: =/b>January 31, 2017 at 9:26:29 PM =ST
To: =/b>
Reply ... normal" =lass=""> = = Download =eport = =/div>
=/td> = =
<http://www.morganstanley.com/img/cs/spacer.gif>
Apple, =nc.: Smooth Sailing Into Supercycle
Katy L. Huberty, CFA — Morgan =tanley
February 1, 2017 2:21 AM =MT
Apple
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02343088.pdf
EFTA02386165Set 11
2017-01-083p660w
near-term supply chain noise and not enough on three potential =atalysts: 1) iPhone
supercycle led by China, 2) cash repatriation, and =) US tax reform. Apple ... point reduction in tax rate. Of =he three catalysts, we believe the iPhone supercycle is most debated by =nvestors who
see China as a risk, not an opportunity, after weak ... repatriation discussions =o positively impact valuation beginning in late C1Q. At llx our FY18
=supercycle) base case EPS, Apple trades at a discount to the 14.5x P/E =ultiple when
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02386165.pdf
EFTA01090474Set 9
2011-11-1524p14,876w
attendant to long-
At the same time, given the evident geopolitical risks alive lived supercycles for investment and consumption, which are
today, one cannot entirely discount the possibility of impossible ... stage of the exports—is already unfolding. The second—the leasing of
commodity supercycle (year 12 of projected 25), and the Federally-held and currently off-limits parcels
https://www.justice.gov/epstein/files/DataSet%209/EFTA01090474.pdf