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

To: Knighty Tin who wrote (30012)	7/22/1998 11:35:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, It is a lovely day in the neighborhood. Klic didn't, Computer Associates put the ass back in its last name, Hewlett Packard warns (yawn), and am I glad that Linear Tech was one of my put picks in the piece on IFC. 1. Kulicke and Soffa was a disaster and the only reason the stock has not crashed is that the same portfolio manager suckers who can't read and owned KLIC are probably busy trying to explain why they owned CA and LLTC. Earnings, a negative 13 cents. Orders down from $151 mm to $55 mm. Gee, that looks like a large dropoff. But we all know that the chip cos. have to keep buying equipment during the downturn, so these equipment cos. cannot have any problems. WRONG! 2. CA is a great company, but the tech wreck has hit them. Those who were paying up for safety are now realizing that that strategy only works when, well, it never works. -g- This is one to buy when the cycle turns, but the cycle has just started to pick up steam to the downside. I think that now we know why they were trying to buy out CSC. They wanted to pull a Compaq/DEC on these earnings. 3. Hewlett warned. Don't they always? 4. Linear Tech is a total wreck this morning. It couldn't happen to a nicer stock, IMHO. I've been dogging this one's heels for years. I've made a little money on trading the puts, but no homeruns. But it looks like flaps down from now on. It was unbelievable the fantasies the bulls believed on this bowwow. Every chip co. could die, but LLTC would stand alone. NOT! Also, the crash is not hurting my other chip stock puts. 5. Shugart is out as CEO at Seagate. I guess this is one downcycle this pioneer of disk drives could not survive. What have you done for me lately? They are all geniuses in the upcycle and morons in the downcycle, when, in truth, they are neither. However, this is a guy who has earned some respect and I hate to see him shown the door so unceremoniously. Good Luck, MB