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

To: Knighty Tin who wrote (64804)	7/18/1999 5:55:00 PM
From: gnuman	Read Replies (2) \| Respond to of 132070

MB, a couple of nuggets from MU's 10Q Per megabit pricing for the Company's semiconductor memory products declined approximately 26% and 39%, respectively, for the third quarter and first nine months of 1999 as compared to the corresponding periods of 1998. Average selling prices per megabit for the Company's entire line of semiconductor memory products declined 21% comparing the third quarter of 1999 to the second quarter of 1999. Average selling prices for the Company's primary product, the 64 Meg Synchronous DRAM ("SDRAM") declined by 27% in the same period. This deterioration in average selling prices has had an adverse effect on the Company's results of operations. The Company is unable to predict pricing conditions for future periods. The selling prices for the Company's semiconductor memory products fluctuate significantly with real and perceived changes in the balance of supply and demand for these commodity products. Growth in worldwide supply has outpaced growth in worldwide demand in recent years, resulting in a significant decrease in average selling prices for the Company's semiconductor memory products. The Company's finished goods inventory increased substantially during the third quarter due to the current market oversupply of semiconductor memory products and the expansion of the Company's mix of semiconductor memory product offerings. The semiconductor industry in general, and the DRAM market in particular, has experienced a severe downturn. Per megabit prices declined approximately 60% in 1998 following a 75% decline in 1997 and a 45% decline in 1996 and pricing is down approximately 39% for the first nine months of 1999 as compared to the first nine months of 1998. The Company is unable to predict pricing conditions for future periods. In the event that average selling prices continue to decline at a faster rate than the rate at which the Company is able to decrease per unit manufacturing costs, the Company's operations, cash flows and financial condition would be increasingly adversely affected. biz.yahoo.com

To: Knighty Tin who wrote (64804)	7/18/1999 7:28:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike, Cat Thief put Charismatic firmly back in control of the 3 year old picture with a game performance and close win over General Challenge. G.C. was very washed out in the post parade and didn't look very good to me. He ran well though. I almost played Cat Thief on the idea he could control the pace. It was widely reported that Richard Mandella didn't want Desert Hero on the lead. That left Cat Thief as the controlling speed in a very small field. I held back because Pat Day often lets this sort of opportunity slip by. He prefers to rate. (where's Angel Cordero when you need him (g)) As it turned out, Day tried to get the lead but was met by a very rank Desert Hero who was giving Jerry Bailey all sorts of problems on the rail, dragging him forward, climbing and doing the cha cha. Cat Thief remained comfortable on the outside during the average fractions and had plenty left for the stretch drive. Good race. The 3's are making progress. Mandella 2 year old, Dixie Union, was very impressive in winning the Hollywood Juvenile. The 2 year old division (colts and fillies) is loaded with very talented prospects already. It's going to make for some sensational matchups later in the year. We still have Saratoga and Del Mar to unveil a few others too. Wayne

To: Knighty Tin who wrote (64804)	7/18/1999 9:39:00 PM
From: DJessen33	Read Replies (2) \| Respond to of 132070

I occasionly listen to Bob Brinker when I'm working in the garage on Sunday afternoons. I'm not a big fan of his but there isn't much on the radio in the summer on Sunday afternoons that is interesting to me. Anyways, during the two hours I listened there were three callers with a net worth of 900K or more. Why anyone with a net worth around a million would be soliciting financial advise from someone on the radio is beyond me. One had 700K of his 900K tied up in Home Depot. Others calling in about putting alot of money in tech or internet stocks. A lot of cocky "investors", even so much so that Brinker pointed it out. Brinker is a bandwagoneer but does seem uncomfortable with these valuations. Ultimately, he knows who butters his bread and just talks out of both sides of his mouth so he can play it both ways. But I did find the caller sentiments interesting... DJessen33