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

To: gbh who wrote (46115)	2/8/1999 3:29:00 PM
From: Timothy Liu	Read Replies (1) \| Respond to of 132070

This bull market will not end unless all bears lost hope. Massive short covering going on.

To: gbh who wrote (46115)	2/8/1999 4:54:00 PM
From: Earlie	Read Replies (6) \| Respond to of 132070

GBH: Can't speak for anybody else, but if CPQ were to provide an honest appraisal of that company's deteriorating situation, the stock price would be halved quickly. I expect more baloney from them, as has been their wont for a long while INTC? They'll try to focus everybody on the "unit" numbers, and away from the corporate sector meltdown. I hope that somebody asks the obvious question,..."How come the Celeron looks, feels acts and talks like its up-scale brethren? (Put another way, if things are so good, why did you have to cannibalize?). Hopefully, some of the attendees will also ask about the fast-emerging "Rambus" problem,....by way of example, the company might even be asked how they expect to get back the $1.0 billion they are currently pouring into that very deep hole. Rambus is useful in high end products,.... in a market that isn't going to buy a lot of high-end product. I'm sure they will have some smooth answers. Dell is the big question mark. Mike has put away his million,....er billion for any future rainy days and an outright fib might cause the Milberg Weiss' (nasty class action lawyers) of this world to salivate. His crew sells to business and government, which has been doing a "cold turkey" withdrawal from the PC market. I have data which suggests (but doesn't prove) that the past quarter wasn't up to snuff, and that the quarter underway isn't shaping up as a barn-burner. Dell has been amazing at market share theft, but he required Bonnie and Clyde this past quarter if he is to meet expectations. If he even hints at ANY problems, the tech sector gets hammered and I mean big time. His stock has surpassed 50 times book. Few stocks ever, ever do this. It's sort of a pinnacle achievement. Even a hint of a problem would wrack both the stock and the sector. I see little risk to put ownership during the next few days as we digest his speech and his numbers. (g) MSFT's CFO will no doubt provide a well-worded defense of the company's put option and Employee option "hedge Fund" activities, but the audience will want to talk about the mess evolving in the courts and whether Justice asks for dismemberment. At this stage, MSFT has all but lost the case. If they are smart (which they have not been to this point in time) they will try to settle. That will be expensive. Don't rule out an actual AT&T possibility. Goodness knows what this does to the stock,....it might actually be viewed as a positive, in this market. (g) Meanwhile, out in the real world, the PC sales "melt" continues. Best, Earlie