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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (49363)3/1/1999 6:33:00 PM
From: Michael Bakunin  Read Replies (1) of 132070
 
But MUEI appears just to have fessed up:
biz.yahoo.com

"..net sales and net income levels for the second fiscal quarter of 1999 ending March 4, 1999 will fall below levels experienced in the first fiscal quarter of 1999 because of slower than expected personal computer sales."

"PC gross margin in the second fiscal quarter is expected to be down approximately one percentage point from the 15% PC gross margin achieved in the first fiscal quarter of 1999."

Then there's this news:
biz.yahoo.com

Dell's cutting prices. They must be making good on their threat to cut margins to spite their bottom line.

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