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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Teri Skogerboe who wrote (22388)	8/1/1998 6:40:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 70976

Teri, I don't think J Morgan is that bad. During a recent interview on CNBC, I remember him saying business was so bad that they were all looking for customers. In fact, he said something like if there is a customer watching, please call him. Years ago when I was looking for employment after college, I responded to an ad which turned out to be for a distributor. One of the main line was chewing tobacco. Not knowing that before, I went to the interview. The interviewer had a mouthful of the stuff. As I walked in, he spitted out an obscene amount into a bucket already partially filled with a brown mixture of disgusting material. At the same time, he offered me some. The look on my face prompted him to say, "next applicant." What I am trying to say is that a CEO is responsible for "pushing" their product and company. It may be more irresponsible to keep saying how bad things really are vs just keeping his mouth shut until he has something positive to say. I think Morgan and many Wall Street types have no idea how severe this Asian crisis is. We may be wrong but I think the depth of our analysis here and some of the other SI threads are far beyond that of some of the talking heads on TV. The other day, there was an "expert" (whose name escaped me) who said these Asian crisis typically last about a year and it should be over soon. How do you respond to a comment like that? Ramsey

To: Teri Skogerboe who wrote (22388)	8/2/1998 1:31:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

Teri,(off topic) Re: your desire to purchase the equity of companies who have honest folks as managers. At the risk of getting flamed, I would spend some time reading over many years of reports from Brk/a and Msft. It would be impossible to be more square with investors than these two companies have been. Brk is positioned for world domination with the enormous cash flow it will generate in the coming years from operations. An eventual break-up of msft is in the cards, and may be wht is needed to continue 25%+ years going forward. The future is still bright for these companies, and management will let you know, in advance, of any potential threats.