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

To: Knighty Tin who wrote (32951)	9/26/1998 2:48:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, Barron's is pretty weak this week. However, I did note a huge preponderance of Bullish articles, blips, items, etc. The Mailbag was again the best part of the the rag. One letter took exception, as I did last week, with GE's paid pimp calling David Tice's article a "short seller's self-serving analysis." The writer asked, what do you call the analysis of the Corporate PR geek? <G> In another letter, MBIA, a company I owned for nearly a decade, embarrassed itself defending its high risk guarantees of international bonds by stating how well they had managed US municipal debt. The saddest thing about this letter was the writer's bankrupt logic of resorting to the continued AAA rating from bond agencies as proof that they were doing the smart thing. Really sad stuff from a once great co. Also, the Chief Economics geek from the White House said she saw no signs of either recession or inflation. And she still sees no signs of Bill Clinton having inappropriate sexual relationships with young pages. <G> Her economics may be fine, but she needs new glasses. MB

To: Knighty Tin who wrote (32951)	9/28/1998 6:49:00 PM
From: Knighty Tin	Read Replies (6) \| Respond to of 132070

To All, Micron's quarter was a mega-disaster, and the real disasters are yet to come. 1. Cash fell year to year and quarter to quarter. 2. Shareholder equity, though usually a phony number, is dropping. 3. Long term debt was flat, but that doesn't include the TXN purchase, which will more than double long term debt and interest expense. 4. Muei's sales continue to decline. If, as Michael Dell says, this is the greatest pc market ever, MUEI is not seeing it. 5. They missed the whisper number, so they are talking about analyst estimates. 6. Keep your eye on the Intel scam! Don't look at the numbers! <G> 7. Inventory in dollars was down. Up big time in units year to year. I thought they had more buyers than they could satisfy? <VBG> All in all, a picture of a dying co. MB