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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (26061)	10/9/2000 5:21:28 PM
From: patron_anejo_por_favor	Respond to of 436258

Cooker Restaurants in default under its Senior Credit Facility (HO HO HO, B of A): biz.yahoo.com WEST PALM BEACH, Fla., Oct. 9 /PRNewswire/ -- Cooker Restaurant Corporation (Amex: CGR - news) announced today that Bank of America, N.A., as the agent for holders of its senior credit facility, has notified First Union National Bank of North Carolina, the trustee under its 6 3/4 % Convertible Subordinated Debentures, that Cooker is in default under its senior credit facility and that no payments may be made by Cooker, or received by the trustee, with respect to the 6 3/4 % Convertible Subordinated Debentures.

To: patron_anejo_por_favor who wrote (26061)	10/9/2000 5:23:02 PM
From: chic_hearne	Read Replies (1) \| Respond to of 436258

I see most of these "earnings" warnings to be by Clown companies. Take a look at the high profile ones: INTC- Duh? About time, AMD is killing them. DELL- Intel's bitch, they don't use AMD processors (notice they are the ONLY major PC company warning, also the only one that doesn't use AMD). SGI- Duh? They throw in the towel with their propriatary big Iron for Intel's IA64 architecture, which is not here and is already over 3 years late. AAPL- I mean come on. They haven't had a processor improvement in almost a year. Why the hell would anyone buy a 500 Mhz Apple computer when they can get a 1 Ghz or more for less money? I could go on. I probably sound like some Clown ANALyst with this "company specific" crap. The key thing I'm watching is the depths that companies are going to that do make earnings. We'll get a good dose of this with YHOO. CSCO and ORCL are other high profile notables. Accounting tricks seem to be ruling in this era. When we see the mainstream press start talking about the "quality" of CSCO earnings, well, look out below...... I'm fully expecting there will be a **TON** of garbage in the earnings of at least a few high profile techs that didn't warn. The million dollar question is will the talking heads make a big deal about this for the first time or will it be business as usual on wall street......