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To: sun-tzu who wrote (144031)	1/16/2002 8:23:50 AM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

prolly shulda waited.....<g>

To: sun-tzu who wrote (144031)	1/16/2002 8:54:20 AM
From: Earlie	Read Replies (6) \| Respond to of 436258

Earlie from Earlie Interesting evening. - Intel "meets" (drastically reduced) earnings estimates but cuts capex to survival levels and allows that 2002 visibility is below IFR limits. Thank goodness no one pays attention to the fact that their main end market, PCs, are in glut. Thank goodness sheep never go back over preceding quarters or years so it doesn't matter that the company's revs and profits have been in linear descent for many quarters. - Juniper posts a nice little loss of $5.0 m. Not to worry over the fact that last year the company posted profits of $62.0 m. Concentrate on the fact that consumers are still buying with confidence (Consumers don't buy products from JNPR you say? Well don't worry, be happy. It's for sure that the optical glut will disappear soon and all those prosperous telcos will soon start buying again). - Micron, the "scavenger of last resort" in the memory game, plans to help out poor old Hynex through the purchase of production plants. Of course those Korean bankers will have to take their Nth haircut before this can occur and they don't seem to be cooperating. - Samsung, the 800 pounder in the semi game, shows us just how potent the demand is. Profits are down a mere 65% this quarter. - The Nikkei ends the session flirting with 10,000. Hands up those of you who recall the Japanese government's open admission last year that a Nikkei below 13,000 represented a bankrupt banking system. Lucky for Japan savers that the government stood in there and bought tons of stocks above that price last year to help out..... using postal savings dough to do so. - Teradyne coughs up a hairball with a mild loss of $112.0 m. Not to worry. Revs at a quarter of the preceding year mean nothing with the "vee" just around the corner. - Linear Tech is doing just fine. This minor adjustment to their employment ranks and pending sale (the company hopes) of excess plants has nothing to do with the free fall in revs ($121.0 m vs y-o-y of $258.0m). - Handspring is also having a good year as the continuing losses were not as bad as what those nice analysts expected. We should all be optimistic, as quarterly losses still exceed quarterly revs. -3Com cuts manpower by 9%. No doubt this company sees the "vee" just ahead. - JPM helps out with a modest adjustment to their profit picture. Just an anomaly. GM sees its profits drop to $0.60 vs y-o-y of $1.15 Nothing to worry about there. We will probably see an opening "gap up" with all this overnight good news. (g) Best, Earlie