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Politics : Ask Michael Burke

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To: Earlie who wrote (43328)	1/14/1999 12:00:00 PM
From: SFW	Read Replies (2) of 132070

Earlie, Good point Re:The big problem for the tech sector, as noted earlier, is that big overhang. Intel and AMD massively over-built micros in Q4, (in response to the box builders' individual hopes of stealing market share from each other in Q4 as a means by which a crummy year might be rescued). Our estimate is that the over-build exceeded by ONE THIRD the actual micro requirement. Apple is a specific case in support of the point that you make. Apparently(per Morgan Stanley analyst) they stuffed the channel with about 200,000 (out of a total of 560,000) iMacs that Apple shipped in the last quarter. Best Buy and compUSA had to cut prices and take a loss on these "Hot" computers. Having said that, a good trader can make money trading the hype on these stocks. Long term investors can look elsewhere for a place to place their money. Different strategies for different stocks. Regards, Abed

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