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To: calgal who wrote (142499)9/21/1999 4:53:00 PM
From: Boplicity  Read Replies (2) | Respond to of 176387
 
down over 4% is not holding up pretty well, I see dell in the low 40s like I said last week, if it's get real bad, the recent uptrend could be over with. That said, I feel if DELL keeps putting up the numbers like I believe they will, the low 40s will be a great buying op. So this is all noise to long term holders.



To: calgal who wrote (142499)9/21/1999 6:49:00 PM
From: TechMkt  Respond to of 176387
 
Same old thing.

Fez
_____________________
Tuesday September 21 6:01 PM ET

Court Disallows Compaq Tax Credit

By CURT ANDERSON AP Tax Writer

WASHINGTON (AP) - An $888 million stock transaction executed in an hour in 1992 by Compaq Computer Corp. (NYSE:CPQ - news) was put together solely to avoid U.S. income taxes, the U.S. Tax Court ruled Tuesday.

As a result, the Tax Court said a $3.4 million tax credit claimed by Compaq will be disallowed, and the Houston-based computer maker will be assessed an unspecified accuracy-related penalty because of negligence.

The ruling by Chief Judge Mary Ann Cohen, which upheld the Internal Revenue Service's position, concluded that the complex arrangement to buy 10 million shares of Royal Dutch Petroleum Co. (NYSE:RD - news) stock was ``motivated by the expected tax benefits, ... and no other business purpose existed.'

Tax law generally prohibits transactions with no economic purpose other than the avoidance of taxes. The Clinton administration has been trying to crack down on corporate tax shelters, and Tuesday's ruling follows two recent Tax Court decisions involving The Limited retail company and United Parcel Service that invalidated tax-avoidance schemes.

In the Compaq case, the Tax Court concluded that the company arranged for the purchase and immediate resale of the Royal Dutch shares in 23 transactions back-to-back on Sept. 16, 1992, to ``capture' a foreign tax credit and help offset the tax sting of a capital gain caused by a previous stock transaction.

Compaq, Cohen said in her ruling, ``had no reasonable possibility of a profit ... without the anticipated federal tax consequences.'



To: calgal who wrote (142499)9/21/1999 7:35:00 PM
From: Mick Mørmøny  Read Replies (1) | Respond to of 176387
 
Leigh,

Thanks for the moral support. As a contrarian and a Street fighter, I know that the market is not scary. I don't listen to the media about bad news or hard times, e.g., inflation, trade imbalance, rate increase, CPI, PPI and the favorite term of late -- inexplicable.

As long as I do my due diligence, I buy companies that will grow and generate profits. It does not matter if their prices fluctuate on a daily basis. Fluctuations only create more buying and selling opportunities.

Now here are some principles most people know -- but end up foolishly ignoring, according to Ted Warren. I want you to memorize them by heart.

1. Buy when everyone else is selling.

2. Buy when there's blood in the streets.

3. When the man on the street is buying, that's the time to sell!

4. You have to be greedy when everyone else is fearful.


IOW, just do the opposite of what the herd does.

Regards,

Mick $$$