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

To: Knighty Tin who wrote (28643)	5/30/1998 1:31:00 AM
From: R. Gates	Read Replies (2) \| Respond to of 132070

Need a little info about MM dynamics. I've heard the term "friendly market makers". Are they friendly to the companies or to whom? Also, suppose a company knew it had lot's of good news pending and figured it's stock would be going much higher and also was thinking about eventually buying back some it's own shares back. If that company was short on cash at the moment but expected a good cash flow in the near future, under any circumstance could they influence MM's to keep the price of their stock down until they had the cash to buy some of it back? Is such a thing even possible? Anyone who has been a MM or REALLY KNOWS the dynamics of MM's & BB stocks PLEASE RESPOND... Thanks in advance, R. Gates

To: Knighty Tin who wrote (28643)	5/30/1998 2:28:00 AM
From: Exacctnt	Read Replies (1) \| Respond to of 132070

Mike, With DuPont getting into the "Life Sciences" business, what do you think about making a play on prospective acquisition targets. Specifically I'm suggesting Pioneer Hy-Bred. After Monsanto's offer for DeKalb, the number two seed company, wouldn't DuPont want to ensure getting a position in the seed business, less someone else decides to preempt them (like Novartis) and go after Pioneer. DuPont already owns 20% of Pioneer. DeKalb commanded quite a premium even after it ran up after announcing it was available to be acquired. Prior to DeKalb's announcement that it was up for sale it traded in the mid $30's. After announcing, it ran up to $70. The buyout offer was for $100 per share. Based upon the DeKalb buyout offer, I think a comparable offer for Pioneer would fetch between $75-100. It closed Friday slightly over $38 per share. The "Life Sciences" concept seems to be in vogue. Monsanto, Novartis and latecomer DuPont have seen the earnings potential in agrotech, food, and pharmaceuticals, as compared to the cyclical stodgy chemical earnings. I've even heard lately that Dow is considering the concept, and Pfizer may be interested in Monsanto. While DuPont and others are on an acquisition hunt, valuations in this sector should hold their premiums. Perhaps out of the money calls would be a good play, though speculative. Regards, Bob

To: Knighty Tin who wrote (28643)	5/30/1998 6:58:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 132070

Below is a great example of clueless analysts and a strong reason why it has taken so long for MU's share price to implode. (I know you have always known the reason why so it is for the benefit of others that I make this post.) It must be god-awful embarrassing to admit being this dumb: A real "shocker" about Smart Modular: "It took us completely by surprise," said Robert Stone, analyst with Cowen & Co. "In fact I think none of the analysts saw it coming." Mr. Stone is referring to Smart Modular's recent admission to Wall Street that, despite meeting its second quarter earnings numbers of 30 cents per share, it would likely not make its third- and fourth-quarter earnings forecasts due to an "uncertain environment." This revelation led Cowen & Co., along with NationsBanc Montgomery Securities and Morgan Stanley, to downgrade the stock from Buy to Hold. Already trading in a declining market, Smart Modular's stock dropped like a brick in shallow water," Here is the full article at Red Herring: redherring.com

To: Knighty Tin who wrote (28643)	6/1/1998 5:36:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To All, The action in Intel today confuses me. Didn't they announce the Merced delay last week and didn't we talk about it here? Why is everyone just noticing it now. Or did it happen Friday after the close? Anyway, techs are in the toilet and still way overpriced. But they are looking almost reasonable compared to financial and dope stocks. Palladium is being hit by rumors, but I have yet to see any Russian metal being offered to anyone. The airlines took a step in the right direction today. Another 200 points or so down in the XAL and they'll be at their long term fair value. The thing I hate second most about going to the horse track is filling out those danged IRS forms. The thing I hate most is not getting to fill out an IRS form. <G> Good luck, MB