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Politics : Ask Michael Burke

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To: yard_man who wrote (43259)	1/13/1999 9:41:00 PM
From: Richard Makowiec	Read Replies (2) of 132070

<<<How much more evidence is it gonna take to wake some of the folks up?>>>[MICA] Wake them up to what? MICA's earnings were lower do to the integration of several service related acquisitions over the last year. They are running on too many systems over there on MIG's side...end of this month they should be on a common system. Pinacor rev. & earnings are improving qtrly. Go take a look at the breakdown of the #'s...Distribution side (Pinacor) made almost $3/share before taxes...1.7 margin in q4 on 5 bil sales isn't bad at all:) Boxes & components are selling at a rapid pace...service industry is lagging or stagnant though...2H99 should show improvement though. BTW...if MICA sells Pinacor it's expected to fetch between $20-30/share. Parts of MICA remaining (MIG) are valued at around $5-10/share. You add it up...MICA trades at $17 3/8 close today:):):) Rich

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