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

To: SeaViewer who wrote (62906)	6/21/1999 6:23:00 PM
From: Knighty Tin	Respond to of 132070

Jeff, Yeah, I saw that. But, since sales were lower, that is to be expected, but perhaps not in this %. All I know is that if they get eps up a penny by having sales decline, if they take sales to zero, these guys will earn $100 per share. <vbg>

To: SeaViewer who wrote (62906)	6/21/1999 8:14:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 132070

Good catch. That's 11c per share from cost-cutting. Note that R&D is down to $400K in this Q, there's only another 0.4c/share boost available from squeezing that to zero sometime before the end of time. Dunno how much they can further squeeze the $53M cost figure, but declining sales + declining costs is the definition of business getting worse rather than better, I would say. That, but mainly the drops in PC sales revenue (down 11% from 3Q98) and gross margins for PC sales (15.5% vs 19.3%) will be the excuse for a sell-off tomorrow, IMO.