From: Tazia Smith

From: Tazia Smith To: jeevacationggmail.com Cc: Nay Gupta Vinit Sahni Paul Morris Vahe Stepanian Subject: Tech Update.... [C] Date: Wed, 23 Apr 2014 21:42:19 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2) Classification: Confidential Jeffrey - AAPL (+$70k) As you saw, Apple posted a strong quarter — top and bottom line beat with in-line guidance. Apple increased its share repurchase of $908 from $606, increased dividend by 8% to 53.29/quarter, and announced a 7-for-1 split. Shares are up over $30 in the after-market to —$566. Recall that you own 2k shares at $529 (+$70k on your position). Consider adding on momentum. FB (+438k) Facebook has bounced around after reporting a top and line beat...and announcing that the company's CFO (David Ebersman) is stepping down. But the stock has recouped today's losses, trading -$63 after-hours. As you know, you own 17,500 shares at the IPO price of $38 (+$438k on your position) TWTR (+$30k) Twitter reports it's second quarter as a public company next Tuesday, 4/29, and May represents the expiry of a significant lock up of restricted PE shares. Stock's fallen from 70 to 45 as you know, but post these two headwinds may present a compelling entry point to add to your longer-term position. (chart below) As you know, you own 1,500 shares at the IPO price of $26 (+30k on your position). EFTA01199059 TWTR US At 16:15 TWTR US E ui 11/06/2013 C4/23 2014 K45.92/45.93N 2 x49 Vol 7,322,755 0 45.88: 1-1 46.17N L 44.87N Val 334.156M 96 Actions fr ,d)Eftimpu Line Chart in Line 11) Compare Mov. AvgslIEMMI volume el USD lY 5Y Max Daily • —re Security/Study I Track ./ Annotate - News , Zoom 99 Save As 1D 3D 111 641 Last Price 4 Event r)• Last Price 45.95 T High on 12/26/13 73.31 -4- Average 52.3223 1 Low on 11/06/13 26.00 0-70 60 1-50 0 45.95 0.30 • Volume 7.323M L • SMAVG (15) 11.783M bib Ibtotolk*.inittkilld141 #111111hli "Hu I II IN 100M 50M ci Nov Lt Dec Jan Feb Mar Apr Tazia Smith Director I Key Client Partners - US DB Securities Inc "wavily. Assel R. Wealth Manaonment Pass-1014-rr Pei-ft/an This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01199060