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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (6308)	3/15/1999 12:22:00 PM
From: peter michaelson	Respond to of 78476

Mike: I enjoyed your story and found it very close to my own experiences. The REAL WORLD Like to suggest you post it on some of the computer threads here on SI to get some more feedback. #Subject-22366 #Subject-18946 And Bill Wexler's thread. He has given up on CPU, after expounding its virtues for the last 6 months. He's upset with management for lack of warning about poor 4th quarter results. #Subject-26311 Being a computer shopper, the subject interests me. I'm also under water on CPU! Peter

To: Michael Burry who wrote (6308)	3/15/1999 1:17:00 PM
From: Mike 2.0	Read Replies (2) \| Respond to of 78476

Mike, what about Value America. I saw e-machines in CPU's circular for ~$700+, then saw VA's ad in paper for ~$500 or so...? BTW sales tax is unavoidable AFAIK unless you ship to a sales tax free state.

To: Michael Burry who wrote (6308)	3/15/1999 3:22:00 PM
From: Curly Q	Respond to of 78476

I had some trouble on the buy.com website. The queries were taking real long and I had to try a couple times to order an item. I got a message of server error and tried to go back, then went out of the site and went to TufStore site. A little later I went back to buy.com because tuffy didn't have the item; this time made it through the checkout lane, but then it showed quantity two, so I changed the quantity to one. I hit refresh and waited an eternity until the operation timed out. I closed the browser, aborted the mission and came back later to successfully order the item. Wasn't very user friendly for me.

To: Michael Burry who wrote (6308)	3/16/1999 11:37:00 AM
From: Wright Sullivan	Respond to of 78476

Mike- Your printer odyssey reminded me of a Forbes column from last year: forbes.com -Wright

To: Michael Burry who wrote (6308)	3/17/1999 2:43:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78476

After more thought, I went ahead and entered CPU at 5 3/4. Still, the largest PC/parts retailer, with a marquee name and an excellent web address/site. Debt is manageable with cash on hand, and the internet site will be spun-off soon. Direct sales and service revenue are growing quickly. Insiders bought nearly $7 million worth of shares at 14-17 less than six months ago, and it really was two horrible consecutive days that brought us to these $6 levels. I see an inability of the Street to see past the turmoil involved in the Computer City acquisition coinciding with lower ASP's. The only downside I see is that the shares are still falling. I took a full position in this falling knife. Mike