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

To: Knighty Tin who wrote (64510)	7/13/1999 6:17:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

MB - (...All in all, a pathetic quarter...) I think I noticed that their earnings exceeded their stock buyback expenditures by a small amount, doesn't that count for something? -g- And don't forget the forecast for a strong 2nd half (of the new century?), even if next Q will be flatish. -g- Regards, Don

To: Knighty Tin who wrote (64510)	7/13/1999 8:42:00 PM
From: PaperChase	Read Replies (2) \| Respond to of 132070

Now come on MB, Intel's results were actually fine. I think you need to lighten-up on this company, their earnings were in line while we saw sub-$500 PCs, free PC scams, reduced consumer PC purchases, and on and on and on. This company still rocks. Can you explain why this company is still even profitable under your negative view...a view that has persisted even while this stock has split twice? Geesh. Buy in the $50's, if you get a chance. It will dip and then leap just like MU. No offense MB but I think your battle with MU, GTW, and INTC is somewhat personal cause despite your negative view, these stocks continue to rock 'n roll. Good luck to you just the same.

To: Knighty Tin who wrote (64510)	7/14/1999 12:43:00 PM
From: Earlie	Read Replies (5) \| Respond to of 132070

MB: Sorry I have not been on the thread of late. Have been on the road a great deal. Latest trip suggests that the PC environment is an absolute disaster. Couldn't find a single shop that had sales results that were anywhere near last years's numbers (and they were a disaster compared with the preceding year). At the corporate level, NOTHING is happening. The retailers are slowly but surely converting former PC shelf space over to other goods. Software sales are negligible and peripherals are given away to make the PC sale. Personally, as bad as it has been for the past year, and as bearish as I have been, this trip suggests that the PC environment is cratering at a rate that none of us ever expected. Hickey's use of the term "Nuclear Winter" is apt. I caught your note on Intel and I totally agree. The numbers were, as both of us expected, a complete mess. Hard to understand why the stock has not gone off a cliff. I'm particularly concerned with Intel's inventory levels. AMD also has micros stacked to the florescent lights and heaven knows what they are going to do with them. This whole scenario has become macabre. No matter how lousy the earnings of the tech darlings, the stock prices remain in the nether regions. One of these days a big fund manager is going to decide that he has had enough and the whole darned house of cards will tumble. Best, Earlie