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To: Bill Ulrich who wrote (870)	7/16/1997 1:12:00 AM
From: Gottfried	of 1894

MrB, I was hoping for a quick jump in WMAR. Now I doubt the wisdom of buying it. They won't repeat last year's doubling of stores. It could languish under 20 for a while. The June quarter report is due soon. That's half or more of their annual revenue. Ice must be busy with his new TA program. The new Forbes (July 28 issue) has several items that may interest you: on page 45 'The bug bar' - lawyers cashing in on the Y2000 problem. One SF law firm has a Y2000 team whose leader 'can smell $ 1 trillion in legal and liability costs'. Another lawyer is quoted 'It's the biggest class action I can imagine'. There's also a list of the 100 largest US firms (revenue) doing business abroad. This shows percent of revenue and of profit from foreign operations. (p 218) Interesting that General Motors gets 31% of sales but 68% of profits from abroad. But Ford's numbers are 33 and 5%, respectively. Among tech companies SUNW and AMAT made the list. And finally, Forbes columnist Ken Fisher says 'if this were the top [of the market] then the customers wouldn't be so worried about it' 'Markets don't do what most people fear.<>By the time we get to the actual top, most folks will have become complacent' Check the bull/bear ratio - SI people are much more bullish now than they were a few weeks ago - when the market was lower. Not that I'll do anything about it. Sails will be ready Friday. HMT says 32% of their business is Iomega now. Was 14% last quarter. GM

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