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

To: Knighty Tin who wrote (64292)	7/9/1999 11:08:00 PM
From: Kailash	Read Replies (1) \| Respond to of 132070

Michael - Re. death on a stick for PC makers, what do you make of KMAG? Their margins have been squeezed past nothing and they just bought Western Digital's disk-making operation only to scrap it. The stock is close to an all-time low at 3, below book value. They foresee further losses in the quarter ahead; the market is just not there. Looks like a great company at bargain prices to me - could it get still worse? Kailash

To: Knighty Tin who wrote (64292)	7/9/1999 11:16:00 PM
From: PaperChase	Read Replies (2) \| Respond to of 132070

>>This is death on a stick to all the PC companies.<< In all the time I have watched Dell and MU, both you and Bill Fleck have been some of the best contrarian indicators. Here's how it works: You claim MU has a terrible quarter and Bill Fleck follows thru with a "I can't believe no one has noticed" article on Stocksite. Then MU sells off for 3 days or so, and then rallies $13. You show us how much of a terrible time CPQ is having in the PC business claiming business stinks (it does for them), and how these "free PCs" are death on a stick for PC companies. Then Dell rallies on its way to a new high. (I'll have to wait a week or two for it to get there.) And remarkably pukey CPQ rallies too. So who is right, the guys shouting fear from the sidelines or the guys making money? I stepped out of Dell stock last weekend to observe this "free PC" phenomenom. I concluded it's not a threat...see I can change my view and admit I was wrong...then I stepped back into Dell stock. I sure hope that Bill Fleck fella is finally squeezed out of his Micron short position so that he can get on with his life. <No G>