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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (26696)	3/14/1998 12:25:00 PM
From: Fab Tech	Read Replies (1) \| Respond to of 132070

Anyone care to make some predictions about which quarter earnings are going to be the worst this year? Will Q1 be bad, or will competition, lower margins, or Asia hit later in the year? Mutual fund inflows should slow down in April (according to Worth Magazine) - will that help the market pull back a little bit in April or May? I must say I am amazed that the Intel, Mot and CPQ warnings did not faze the market. I was convinced that after the third warning (CPQ) some of this exuberance would be dampened. What gives? Especially when I compare this mood to Oct and Dec of last year. Fab

To: Earlie who wrote (26696)	3/14/1998 8:37:00 PM
From: Nadine Carroll	Read Replies (2) \| Respond to of 132070

>IDC and the other market research organizations are known for always >putting out optimistic reports,....understandable, given who pays >their rent. The DRAM forecasts were obviously a tad optimistic, but over the past couple of years their growth forecasts have been pretty accurate--or do you distrust the end-of-year forecasts as well?

To: Earlie who wrote (26696)	3/15/1998 12:01:00 PM
From: Knighty Tin	Respond to of 132070

Earlie, You made a very important point in your note. The idea of buying the stocks of those cos. that will do well after the tech slump is appealing. But the key to that strategy is that they have to be dirt cheap. They are still way overpriced and there is no panic at all in these shares, even though they are down from their manic peaks. A look over the valley to the next peak strategy only works if you buy at valley prices. Instead, we are still near peak prices and, oddly enough, still in a rut. -g- MB