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Politics : Ask Michael Burke

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To: Bill F. who wrote (76135)	2/17/2000 9:14:00 PM
From: Earlie	Read Replies (1) of 132070

Bill: An obvious prejudice at this end, but I must admit to keeping an eye on Louis. If anybody is positioned to deal the market a nice kidney punch, he's the man. Quarter after quarter, he's employed accounting wizardry at "Big Blue" to maintain the cosmetic image, but it's catching up with him now, and he's running out of things to sell. I loved the squib today that the SEC is going to force the little tub to go to his shareholders for permission to rape the pension plan further. He tried to sneak this through at the board level, but, oh my, the SEC nixed his attempt to exclude the proposal from the proxy. This company is a time bomb as far as a future big earnings disappointment is concerned. Best, Earlie

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