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

To: Thomas M. who wrote (29284)	6/23/1998 1:24:00 PM
From: Tom M	Read Replies (1) \| Respond to of 132070

Hi Tom. I'm not CPQ mgmt's biggest fan either: www3.techstocks.com You folks here think CPQ's going up before down? I'd appreciate your opinions. thanks in advance, Tm

To: Thomas M. who wrote (29284)	6/23/1998 1:55:00 PM
From: Earlie	Read Replies (3) \| Respond to of 132070

Thomas: As I recall, there were a few who thought that channel stuffing was raising its ugly head, but most simply wouldn't even consider the possibility. (G) The posted material seems familiar somehow (VBG) MB and gang. As previously posted, INTC is and has been number two on my "Hit Parade" for some time. The fall from $100. plus to below $70. provided a nice reward to those who shared our view. What should be noted is that we consider this to be round one only, and that there is more downside to follow. The stock has experienced an expected technical bounce, which is being enhanced by two rumours: that INTC will shortly "go on allocation" (i.e. there is a shortage) on low end chips, and on the hype surrounding the June 29 shipment date for INTC's enhanced P2, the Zeon chip. I suspect that this misinformation is about to be terminated in no uncertain terms. Allocation of low end micros is utter nonsense as the supply is massive. Pricing is also weak and the Celeron continues to be a joke in the field. With respect to the "big Z", it won't ship on time. Bugs and "errata" (plural) have been found that will probably delay its release for many weeks. Now let's see,.....several quarters of declining revenues and profits, falling margins, nasty new competition that has usurped both the monopoly status as well as a big chunk of INTC's market share, Merced is delayed, the Celeron is a disaster, the P2 piles up in inventory, price cuts are bi weekly affairs, insider selling is massive, and now the Zeon will also be delayed. Thank goodness for that torrent of naive Asian money. (g) Best, Earlie

To: Thomas M. who wrote (29284)	6/23/1998 6:52:00 PM
From: Knighty Tin	Respond to of 132070

Tom, Late last year and earlier this year, just about everyone on the CPQ thread said that I was full of crap for claiming that Compaq was stuffing the channel. They were half right. I'm full of crap, but not on that subject. Now, most deny ever having said it and some have stopped posting. But a couple, most notably Robby, were smart enough to let reality change their minds about the Houston hotshots. There has always been a huge discrepency between what CPQ mgt. says they are doing and what they are doing. Kind of like my diets. -g- MB