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To: SliderOnTheBlack who wrote (27211)	8/6/1998 10:56:00 AM
From: upanddown	Respond to of 95453

This will not help the street's view of OPEC compliance.... infoseek.com John

To: SliderOnTheBlack who wrote (27211)	8/6/1998 11:26:00 AM
From: marc chatman	Respond to of 95453

True, I think Baz was not too serious with some of those numbers. But, I wasn't serious when I tossed out OSX 60 a month or two ago.

To: SliderOnTheBlack who wrote (27211)	8/6/1998 11:47:00 AM
From: The Ox	Read Replies (2) \| Respond to of 95453

Even though these companies have current backlogs, that can change quickly as people shelve projects. This has happened many times in the semi industry, where book to bills have dropped in a big hurry due to chip price weakness. The current backlog is not a guarantee that next quarter's backlog will be the same. I still don't believe we have hit the irrational hysteria level. The selling, though constant, has been orderly over the last few months and in response to the sustained low oil prices. The bright spot, IMO, is that within a few weeks we should get a better handle on OPEC compliance. If the producing companies stick close to their commitments, we could start the reversal process. Just my opinion, Michael