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Politics : Ask Michael Burke

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To: Steve Lee who wrote (76717)	2/29/2000 7:31:00 AM
From: Earlie	Read Replies (2) of 132070

Steve: Missed that one. Perhaps you could supply a URL. Did you catch the latest pricing of memory? 64 Mbit chips sliding nicely through $4. This is below the cost of production for many producers and right at the cost of production for the best of them (as in 90% plus yields). Of course there will be those who do not think that this will have any impact on the current or future sales of expensive memory products like RMBS. And I wonder how many investors are aware of two or three very new memory technologies out there that sure look like they will torpedo ALL of the current crop. Interestingly, one of them is a product of a company up here in "The Frozen North" I also note that Intel has seen fit to reduce micro prices for the THIRD time this year. Must be the huge demand that is causing this benevolence and not the fact that AMD is kicking butt at the top end of the PC market or that PC sales, especially to business (2/3rds of all PC sales) have been minuscule. "Local cloners", always the best indicators of where PC pricing is headed, have been dropping their prices every two to three weeks. Few are happy with sales. Hang in there for your $500 RMBS "target", and I am cheering for it as much as you are (but of course for a slightly different reason). But don't get too cocky as few are agile or intelligent enough to clear out before the descent commences. In the end, companies still have to earn profits commensurate with their share prices. I'll be there for the slide back to reality on this "Pressteck look-alike". Usually the slide is much quicker than the ride to the top. Nothing like the acceleration due to gravity (g). Best, Earlie PS: Which stirling analyst was it who last year predicted that RMBS would have 50% of the total memory market by the end of 2000?

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