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

To: The Perfect Hedge who wrote (38050)	12/3/1998 10:59:00 AM
From: yard_man	Read Replies (2) \| Respond to of 132070

LLTC @ 80? Sorry couldn't wait any longer on that one. <g> Give MU a little slack, IMO. Analyst came out with a buy and target of 65. Ho ho ho ho -- hope it goes all the way to 65.

To: The Perfect Hedge who wrote (38050)	12/3/1998 11:11:00 AM
From: geewiz	Read Replies (1) \| Respond to of 132070

Hi bee, Unfortunately, I have been building LLTC hedge due to managements' take in the most recent 10Q; November 10, 1998 LINEAR TECHNOLOGY CORP /CA/ (LLTC) Quarterly Report (SEC form 10-Q) Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations Net sales for the first quarter of fiscal 1999 were $116.0 million and increased $6.2 million or 6% over net sales of $109.8 million for the first quarter of fiscal 1998. This increase was due primarily to higher unit shipments, while the average selling price was slightly lower for the first quarter of fiscal 1999. International sales increased 12% led by strong growth in Europe. Sales increased throughout Asia except for Japan, which had a slight decline. Sales to the domestic market were relatively flat as compared to the first quarter in fiscal 1998. International sales for the first quarter of fiscal 1999 were 52% of net sales compared with 49% of net sales in the same period of fiscal 1998. Relative to end-market applications, all of the sales growth over the prior year's quarter was in the communications and computer areas, whereas the industrial and military markets were down slightly. Management of the Company believes the long-term prospects for the business are excellent and continues to invest in the plant infrastructure and technical talent to maximize its opportunities. In the short-term, the Company's sales for the first quarter of fiscal 1999 declined 12% sequentially from the record level achieved in the fourth quarter of fiscal 1998. This decline resulted from several factors including a prolonged weakness in the Asian markets and a delay in customer orders as customers took advantage of lower supplier lead times. Given this fact and the continuation of the weakness in Japan and other Asian markets and the general pessimism that currently exist in the business community and financial markets, management of the Company is cautious relative to its near-term outlook and therefore expects little to no sales growth in the second quarter of fiscal 1999. The Company expects that its profitability as a percentage of sales will be maintained during this period. I sure should'a waited!!! best, art

To: The Perfect Hedge who wrote (38050)	12/3/1998 11:48:00 AM
From: Knighty Tin	Respond to of 132070

B, Nope, I haven't been long them. I don't buy crap that I think is fundamentally overpriced just because I see a possible bounce coming. You can be wrong either way, but I prefer to buy what I consider undervalued and buy puts on what I consider overvalued and not bet against my analysis. That CreditSuisse conference in Arizona is spewing out a record # of lies and it doesn't stop until tomorrow. The portfolio managers and analysts will not be over their euphoria until Monday, which just happens to be Pearl Harbor Day. But even I can't be that lucky. <G> MB