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

To: Knighty Tin who wrote (51125)	3/10/1999 11:23:00 AM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

A little news from Briefing (details below): 09:42 ET Micron Technology..continued weakness in 64MB DRAM spot pricing and soft market for Pentium II/III powered personal computers. 09:32 ET PC Demand: Salomon Smith Barney says PC demand weakening.. Micron Technology Inc. (MU) 55 -1/8: CE Unterberg Towbin downgrades memory chip maker from "strong buy" to "buy" on renewed price weakness for 64Mb DRAM chips; spot pricing below $9.00 on parts for the first time in roughly six months, down 10% from last month; softening corporate PC sales is partly to blame as is better than expected supply from company; lowers FY99 EPS estimate from $0.49 to $0.26 and FY00 EPS from $4.40 to $3.25 a share..... PC Industry Outlook from Salomon SB: after visiting Europe last week, European corporate demand was softer than expected during February following a solid January; believes that confusion in the PC space this quarter stems from soft demand and increasing competition to grow above market unit growth rates at the same time that demand has softened; March is critical, but must be quite strong to offset Jan/Feb conditions; maintains "buy" ratings on Compaq Computer Corp. (CPQ 31 3/8 -1 3/8) and Gateway Inc. (GTW 68 3/4 -2 9/16) and "neutral" ratings on Dell Computer (DELL 43 11/16 -3/8) and Apple Computer (AAPL 33 15/16 -3/16) mb

To: Knighty Tin who wrote (51125)	3/10/1999 11:35:00 AM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

[PC ads]: I've been seeing white-box, 500 MHz PIII's advertised for under $1500; one is bundled with a 17" monitor for $1700. Margins? We don't need no stinking margins.. [Dell announcements] I find spates of fake PR a surprisingly reliable negative indicator, even from companies I like. Dell crowing about renewing an existing contract -- eep. [PC market] See previous reply: weak DRAM spot prices, weak European corporate market, weak PII/III demand overall... it's looking good for my toehold in putland. mb