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

To: Knighty Tin who wrote (33542)	10/9/1998 2:25:00 AM
From: Dave Feldman	Read Replies (2) \| Respond to of 132070

Mike-- I was curious about your thoughts on LRCX and some of the other money-losing chip/equipment stocks that are selling for not only less than book value, but less than net cash. Of course, with their earnings in the near future, their cash will be less a year from now than today <g>. I'm curious about what factors you look at before diving into a beaten down tech. Do you wait for concrete evidence that the business cycle is changing (and if so, at what point in that cycle do you go long)?