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Politics : Formerly About Applied Materials
AMAT 322.34+1.1%3:59 PM EST
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To: Teri Skogerboe who wrote (22388)8/1/1998 6:40:00 PM
From: Ramsey Su  Read Replies (1) of 70976
 
Teri,

I don't think J Morgan is that bad. During a recent interview on CNBC, I remember him saying business was so bad that they were all looking for customers. In fact, he said something like if there is a customer watching, please call him.

Years ago when I was looking for employment after college, I responded to an ad which turned out to be for a distributor. One of the main line was chewing tobacco. Not knowing that before, I went to the interview. The interviewer had a mouthful of the stuff. As I walked in, he spitted out an obscene amount into a bucket already partially filled with a brown mixture of disgusting material. At the same time, he offered me some. The look on my face prompted him to say, "next applicant."

What I am trying to say is that a CEO is responsible for "pushing" their product and company. It may be more irresponsible to keep saying how bad things really are vs just keeping his mouth shut until he has something positive to say.

I think Morgan and many Wall Street types have no idea how severe this Asian crisis is. We may be wrong but I think the depth of our analysis here and some of the other SI threads are far beyond that of some of the talking heads on TV. The other day, there was an "expert" (whose name escaped me) who said these Asian crisis typically last about a year and it should be over soon. How do you respond to a comment like that?

Ramsey
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