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

To: Knighty Tin who wrote (27736)	4/27/1998 12:03:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

Of course, if you had taken simple short positions in each of the stocks mentioned as overvalued by Michael Murphy in Barron's the other week [AMZN LCOS ONSL SEEK XCIT YHOO CDNW DCLK GNET NSOL SPLN VRSN], you'd be up 20% right now (mind you, pretty happy timing). Even SI's own Roger's Short Picks (which, with less fortuitous timing, he put on around the beginning of '98) are coming back. They were over 20% underwater a week or three ago, but right now (9 AM PDT) are, equal-weighted, down only 8% on the year. I'd enjoy it if it lasted -- but I fear it may not. m

To: Knighty Tin who wrote (27736)	4/27/1998 1:22:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 132070

Mike, assuming that the interest rates are headed higher, if you are in the market for a new-home, financially what makes the best sense: a) lock-in low interest rate (assume 130k/15 yr fixed loan) b) wait for the real-estate prices to crash and then buy even with 50 to 75 basis points higher. BTW, the other day I saw Jan Hopkins interview a film-maker who made a comedy film on corporate greed, and CEOs' high compensation and the Wall Street nuttyness. She did everything possible to discredit him. Further flash back - Lou Dobbs was sitting with a bunch of Yahoos of the Wall Street, one money manager "what is there not to like about this rally? Just what the stocks deserves..." And, Lou appears to share that sentiment. Sure, the media does not have a bullish bias. -g- -MMV

To: Knighty Tin who wrote (27736)	4/27/1998 2:26:00 PM
From: Doug Millan	Read Replies (2) \| Respond to of 132070

Sober long enough this weekend (on a houseboat, you see) to recall my friend saying his company's operations effort is moving from 7/24 to 4-10's. 7 x 24 = 168 if I'm not mistaken, while 4 x 10 is 40. This doesn't seem to me like the "attrition layoff" scam story everyone here in the valley is buying into. This company does finishing and their largest client is Applied Materials. Luckily my friend is underpaid - so he still has a job. Hate to be in that business looking for work. Applied Materials may not disappear overnight, but these subs just might. Before AMAT goes under, they will consolidate subs. I'm thinking that in this IPO boom covering the past few years, there are probably a number of very small companies that went public, that will completely fold. Do you have any "worst-pick" microcaps that might fit into this category? FYI - "space available" signs in North San Jose / Santa Clara / Sunnyvale (the hub for Intel / AMAT subcontract business) growing daily. Best, Doug

To: Knighty Tin who wrote (27736)	4/27/1998 2:58:00 PM
From: HB	Read Replies (1) \| Respond to of 132070

Some Shiva (SHVA) numbers (from the 10K filed in March) book = $144M/29.6Mshares = $4.90/share, cash/share $2 (there are also short term investments of $1.25 and $1.20 /share respectively). $3.60 working capital/share. Sales/share $4.82, sales down 33% 96-97, remote access sales down 25%, SG&A up from 34% of revs to 50% of revs, R&D also up from 12% to 18%. Earnings... we don't need no stinkin' earnings. losses were 9% of sales, vs 8% of sales net profits in 96. There seems to be some hope that SG&A might be coming down, resulting in some upside potential for earnings. A Nortel OEM relationship accounted for 16% of revenues, which sounds like a good thing to me. And, I tend to think that networking may do well relative to, say, microprocessors, PC's, and such over the next year or so. So it looks like an interesting speculation (I'm in for a tad at 10 1/4). Do they have anything likely to be especially desirable in a merger? Some insider sales (only notable quantity is $4 million+ by Cole Family Foundation at prices a bit higher than now, but not much, in March). Also T Rowe Price and Pilgrim Baxter filed SG13A's saying they're out of the stock (dead momentum stock!). Cheers, HB