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Technology Stocks : Data Dimensions

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To: ItsAllCyclical who wrote (1861)	6/24/1997 2:58:00 PM
From: Graeme Smith	of 4571

I find it quite ironic really. If First Boston had released a statement that they were short on DDIM etc. because they were overpriced companies, the effect on the companies would have been very predictable. They would have plummeted. Instead, as things have gone, the negitive sentiment of First Boston has actually been turned into a positive thrust for the Y2K companies. I believe they are all actually higher today than they were when the report came out, with definite signs of a short term pop in price. It reminds me a little bit of the courtroom movies you see where a friend becomes the major witness for the prosecution. Needless to say, even without the witness, it would be a trial that the prosecution could not lose. At the final junction, some evidence comes forward that the prosecuting witness (friend) has decietful intentions, and in the drama of the moment the defendant gets off scott free. Finanlly the (actually guilty) defendant goes to congradulate his accomplice friend. First Boston has apparently achieved the same result, although apparently by accident. Investors, and even the street will pop the price on Y2K stocks as a result of their negitive testimony. Graeme

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