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

To: David Semoreson who wrote (43794)	1/18/1999 12:24:00 PM
From: Knighty Tin	Respond to of 132070

David, You misunderstand the concept of channel stuffing. First, the days #s you quote are based upon what? Sales during the busy season? Nonsense during the slow period. But the point is, if you stuff the channel, you of course add to the current quarter's eps. But you take it out of next quarter's, when the channel has to get rid of the old stuff before they order the new stuff. Nope, I was positive on Apple at the bottom, but didn't buy it because of their flaky past behavior. That was a mistake. Going forward, I think eps are down between 5-40% this year. This quarter will show the strains, but it is the summer than eats their lunch. I am not doing a product by product estimate because this is a macro problem in the personal computer area, not an Apple specific or Compaq specific or Dell specific micro problem. PC sales are going down in dollars and, IMHO will head south in units this year. That will not impact all players evenly, as Dell is very overpriced while MUEI is much less overpriced. Apple is somewhere in the middle. Enough of this crap on Apple. I don't even have a position. Don't you follow ANYthing else of interest. This is getting to be like Steve's notes on nothing but Compaq. We have stated positions and now let's just watch it fall apart and you can tell me I'm right later. <G> MB