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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (14056)	2/12/1998 5:25:00 PM
From: MythMan	Respond to of 18056

Just how influential is this guy? Certainly can't move stocks anymore <g> Also in the news, the stock of Intel (INTC) shed 1/16 to 85 after influential Merrill Lynch analyst Thomas Kurlak said the chip sector does not face an imminent earnings recovery.

To: Cynic 2005 who wrote (14056)	2/12/1998 6:00:00 PM
From: Amots	Read Replies (2) \| Respond to of 18056

Mohan. We got LRCX upgrade this morning: <<Lam Research (LRCX) 26 5/16: Sanford Bernstein ups its rating on equipment maker from "market perform" to "outperform".....>> So I can get more puts at better price. And after the close: <<Lam Research (LRCX) 28 1/2 +2 3/16: chip equipment maker is warning that it expects to record a fiscal 3Q charge of $1.47 to $1.57 a share due to weaker product orders from Asia; also plans to cut jobs by as many as 700 positions in restructuring move; prior to warning, company was expected to earn $0.05 a share in the 3Q, same as in the year-ago period.....>> All I can say is thank you to Sanford Bernstein. Amots

To: Cynic 2005 who wrote (14056)	2/12/1998 7:38:00 PM
From: geewiz	Read Replies (1) \| Respond to of 18056

Hello all, nice to hear about somewhere warm Mohan, On the wall next to my monitor I keep casual tabs on the announced lay-offs since November. General Motors 40,000 over 3 years, closing 7 plants Eastman Kodak 10,000 over 9 months Levi 6,400 Silicon Graph 700 Kimberly Clark 5,000 closing one plant Woolworths 9,200 closing remaining stores Citycorp 9,000 Catapillar ? Inter Paper 9,200 closing two plants Fruit of loom 4,800 closing two plants stanley works 4,500 Apple Comp 4,100 Raytheon 10,000 When I look at the list it's hard to imagine we have a shortage of skilled workers. At the very least there is an economic shift occurring of which we don't have a good understanding. Several months ago Business Week had an article on similar inconsistencies; I'll try the link, but it may have expired: businessweek.com In part it says "Even as demand remains strong, many companies are living through the experience of a profitless prosperity." People don't understand the scope of this change, yet we all want to hope for the best, and I think that's being reflected in the rally. After all, if there is revenue growth, there must be profit growth! If the market is really a discounting mechanism, either it failing this time, or the economy is going to pull through without a significant slowdown. best, art