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To: John Pitera who wrote (23211)	3/4/1999 11:25:00 AM
From: J. P.	Read Replies (1) of 86076

I don't believe in today's rally. Nasdaq PE 100 don't matter. Parabolic rise in Nasdaq chart don't matter. PC margins falling don't matter. Bond don't matter. Japan don't matter. A/D line don't matter. But Joey Buttafucco's upgrade of MU does matter! IBM/Dell? that matters! But what does it mean? Does it mean that Dell has gotten so big that they are admitting that they cannot grow at the same phenomenal rates, and they've literally joined the ranks of the lumbering Wondering if this justifies the current multiple(as MD furiously feeds his stock into the market)?

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