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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: robbie who wrote (46595)	2/1/1999 7:42:00 PM
From: Jim McMannis	Respond to of 97611

Robbie, RE:"One more jab at ya, you said MU was going out of business when they were 20" Oh go ahead. I remember Mike saying MU was going into single digits when it was 16 . And he still was saying the same thing when it passed 30 on the way up. And he's still saying the same thing. Jim

To: robbie who wrote (46595)	2/1/1999 8:47:00 PM
From: Knighty Tin	Respond to of 97611

Robbie, gee, if Compaq is family, I'd trade them for Larry, Darryl and Darryl. <G> I'm right and I'm up more than 3900% buying puts on these bloated pigs. And that is during a bull market that is now a bubble. Shoot, I'll print money if we ever have any sanity, which we will have some day. Don't worry, I'll allow you to wash my windows at stop lights. <G> MU was going out of business fast until Intel and TXN saved them. Now they are going out of business slower. They lost nearly half a billion bucks last year, which they did not have. They are now loaded with debt and have little chance of ever having free cash flow. I am not "working this thread." I responded to why Compaq gained market share against Dell because I didn't think some folks here knew the difference between real sales to customers and shipments to warehouses. If I insulted anyone, sorry. Most Compaq bulls I talk to in Houston sure don't know the difference. Also, a lot of folks don't know that "incentives" offered to the channel do not reduce revenues, hence the world record in receivables. After that, I just responded to notes from True Compaq Wuvvers. Heck, somebody has to love this dog with fleas. <G> If they ever issued a statement that wasn't spin and hype, I wouldn't have to work so hard, but I'd probably also have a coronary at such an unexpected event. And after they tried to spin and weave about the channel stuffing last year, before finally admitting it, I think the wuvvers have forgiven them much too quickly. Anyone can forgive business mistakes, but misdirections from mgt. who works for shareholders is over the line. These guys will do anything to make their bonuses. I am not ready for another third of puts. The stock has gone down a small amount since I bought them and I like to buy the second third after they go up. May not happen with this gobbler. MB