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

To: Bill F. who wrote (63287)	6/26/1999 12:21:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

they are waiting for an asian holdback to dump these goods... hope they don't get it this time...

To: Bill F. who wrote (63287)	6/26/1999 3:44:00 PM
From: PaperChase	Read Replies (4) \| Respond to of 132070

I mistakenly read your column Friday. I am here to gently remind your readers that there is going to be a melt-up this week in the market no matter what Easy Al does. Since when do stocks trade relative to interest rates? Certainly not in the real world I see everyday. So Easy Al raises by .50. Does that mean a 55 P/E stock will now trade at a 50 P/E for a couple of weeks? God where is the humanity. I am buying any dip. Problem is we don't see many dips anymore.

To: Bill F. who wrote (63287)	6/26/1999 3:49:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Bill, Also, they could use whatever cash they raise from selling the inventory. However, longer term, that line in the quarterly report where they mentioned that megabit production was 17% higher while sales were 8% higher does not bode well, as it is an industry-wide problem. To lower costs, you have to produce flat out. With lackademand, that lowers prices faster than costs come down. Somebody has to yell "uncle" pretty soon, IMHO. My guess it will not be giant cos. like NEC and Siemens.