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

To: Knighty Tin who wrote (64239)	7/10/1999 4:25:00 PM
From: Knighty Tin	Read Replies (9) \| Respond to of 132070

To All, Superb High Tech Strategist this month. 1. Fred describes the effect on the stock market of Greenspan's recklessness with a great phrase, "the rising tide keeps even sinking ships afloat." <g> 2. He quotes a London School of Economics survey where 650 CEOS of blue chip cos. discuss IT's contribution to the bottom line. 25% think it makes a large contribution. 75% are right. <g> 3. Half of all Americans would fall behind on their bill payments if they were unemployed for even 3 months. Uh, what about the "they really are saving and it doesn't show up in the numbers" crapola? 4. He sees a big drop in sequential sales for Intel, with a million fewer parts and ASP off about 4%. The internet investments and the year over year comparisons will cover the obvious trend. The $800 million or so plunge in revenues per quarter since December will be the largest in Intel history. 5. He expects Micron to lose $100 million this quarter. I think he is being way too kind. 6. Weakness in business PC demand in Western Europe and the USA. 7. If you have to own a tech stock, he recommends Cabletron. I haven't given them the hairy eyeball in a couple of years, but they were one of my most profitable longs and one of my most profitable put stocks earlier in the decade. Worth the small fee.