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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (62885)6/22/1999 12:29:00 AM
From: Merritt  Read Replies (1) of 132070
 
MB: << PK, The lower eps estimates must be why the stock is up so much today. <g> >>

There's that, and there's also what Bedard said in that Bloomberg article...he admitted the channel was stuffed, so doesn't that imply they just might meet or beat their numbers this quarter? Now next quarter should be a different ballgame...in addition to the excess inventory having to be worked off, there's the interest payment that's due in July of this year (unless they've gotten a deferment, that is). When I read that article it seemed to me that Bedard was giving two warnings: one to the bears this Q, and one to the bulls next Q.
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