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

To: Knighty Tin who wrote (30035)	7/20/1998 6:08:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 132070

Speaking of Rhodium: -g- <<KEMET blames low Q1 on shipping, palladium GREENVILLE, S.C., July 20 (Reuters) - KEMET Corp. said Monday the decline in its first quarter earnings was due to high palladium costs and depressed shipments. The company said in a statement that its first quarter fell to $1.5 million, or $0.04 per share versus $14.0 million, or $0.36 per share. Net sales fell to $142.5 million in the first quarter ended June 30 from net sales of $161.2 million. It said that its major customers were experiencing slower sales growth, particularly in Asia. When combined with channel inventory corrections, it has depressed shipments. The manufacturer of solid tantalum capacitors said its workforce cuts to match reduced shipment volumes, decreased period costs and the continuing palladium reduction program are expected to help protect margins.>>

To: Knighty Tin who wrote (30035)	7/21/1998 4:17:00 PM
From: Terry D	Read Replies (2) \| Respond to of 132070

MDB - Re: As I said, she was very nice, but I'm afraid she had the spin for her story set before doing the research and most of my comments didn't fall into the wake of that spin. Had the same experience with a nice guy from the SJ Merc. He wanted to talk about NASD, why with all the initiatives to allow trades within the spread, spread busting, transparency of bid/ask, increased competition, that there was still 1. few trades done within the spread, 2. domination of markets by the big trading houses. I explained why someone with a 500,000 block of a lay-up like MSFT much less Consolidated Lint would call Goldie, Sollie or MS rather than Schmengleman Bros, LLC - even if they were the high bid. And why their expertise is worth 6 cents/ share rather than a 2 cent kick-back from a soft dollar house or a wholesale shop. He wanted X-files conspiracy, I gave him boring capitalism. Guess how much of my stuff he used? And the readers get 1/2 the story. I've said it before and I'll say it again "Yikes". Stay cool. t d PS _ when is my large cash position going to look 1/2 way intelligent?