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

To: Knighty Tin who wrote (29463)	6/30/1998 5:45:00 PM
From: Exacctnt	Read Replies (1) \| Respond to of 132070

Mike, I appreciate your comments, as always. I was wondering why you hadn't commented on my post on GENZL and other biotechs. I figured you were in your quiet period while accumulating shares.<g> Regards, Bob

To: Knighty Tin who wrote (29463)	6/30/1998 6:24:00 PM
From: yard_man	Respond to of 132070

Re CPQ: >>... but you have to look at the difference between net and operating results,'' he said. << He he he ... ho ho ho <gggg>

To: Knighty Tin who wrote (29463)	6/30/1998 11:08:00 PM
From: PaperChase	Read Replies (2) \| Respond to of 132070

MB. I'm invoking the greater fool theory of investing to call CPQ an insane short-term buy. The sheer magnitude of the "scam" restructuring charge indicates that next quarter, analysts will be praising management for turning around the situation. Of course, you remember how well MUEI's gross margins turned around dramatically this past quarter after their huge write-off in the quarter before. Or how about how COMS has "turned the corner" this past quarter after all of its accounting shannigans. That should make CPQ an easy 30% gain for this fall. I would look to buy October out of the money calls on CPQ sometime in late summer. That $1.7 billion restructuring charge is going to go a long way to hide almost every problem imaginable including demand. <g> From Reuters: "Compaq Chief Executive Officer Eckhard Pfeiffer said he expects to show a net loss for 1998 due to the large charges, which include a $3 billion write-off on process technology, and a $1.7 billion restructuring charge. "Given the magnitude of the restructuring charge we are taking, it will make the year negative, but you have to look at the difference between net and operating results," Pfeiffer told a news conference. "The restructuring is positioning the company for the future."