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Technology Stocks : Mylex -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (1807)	7/28/1999 12:20:00 AM
From: James B. Barnes	Read Replies (1) \| Respond to of 1820

Eric & Baker, I saw the news this evening and wanted to wish you guys the best. I can't think of much to say about Mylex and the new deal. I've had a disgusting taste in my mouth ever since that big inventory write-down. I've had no use for Al or Colleen since then. I hope the SEC takes a good look at recent trading to make sure the both of them and others kept their noses clean. I think it would have been a great temptation for the two of them. Good luck to you guys. James

To: E_K_S who wrote (1807)	7/29/1999 11:22:00 AM
From: James B. Barnes	Read Replies (2) \| Respond to of 1820

One more thing. How about that earnings release. It was getting to the point that I could have written their earnings (or non-earnings) releases in my sleep. They've sounded like a broken record for a long time. There's one thing I wonder about. I suspect IBM told them to clean the decks in terms of getting their balance sheet in shape. No need of having to write off worthless inventory and A/R after the merger takes place, hurting IBM's performance. Also, IBM looks to have gotten a pretty good deal. If you subtract the book value per share (provided it's accurate) from the purchase price per share you're left with IBM paying roughly $1.00 for each $1.00 of revenue. James