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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (62885)	6/21/1999 3:28:00 PM
From: Broken_Clock	Respond to of 132070

...and speaking of economic upheavals.... Message 10193597

To: Knighty Tin who wrote (62885)	6/22/1999 12:29:00 AM
From: Merritt	Read Replies (1) \| Respond to of 132070

MB: << PK, The lower eps estimates must be why the stock is up so much today. <g> >> There's that, and there's also what Bedard said in that Bloomberg article...he admitted the channel was stuffed, so doesn't that imply they just might meet or beat their numbers this quarter? Now next quarter should be a different ballgame...in addition to the excess inventory having to be worked off, there's the interest payment that's due in July of this year (unless they've gotten a deferment, that is). When I read that article it seemed to me that Bedard was giving two warnings: one to the bears this Q, and one to the bulls next Q.