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To: Ian@SI who wrote (5966)6/16/1999 8:26:00 PM
From: Justa Werkenstiff  Read Replies (3) | Respond to of 15132
 
Ian: You hit a real sore point for me. ML looks pretty bad. Let's see we get a 300mm announcement mid day with PRIA at $28 -$29 last week. Nothing on the wires re PRIA impact from the analysts that same day. The same day the price goes to around $34 per share. Gee, do you think ML was loading the boat with PRIA that day? You betcha. Next day ML is all over this stock pimping it to the max in a call to clients. The stock surges to around $37. Today, ML says INTC will not get PRIA work for the pilot line because INTC wants to abandon its "copy exact" policy and spread the recovery to others to make the business climate more competitive. The mention only concerned the pilot line. ML goes on to say that even thought PRIA is the strongest of all, "it could retrace some of its recent gains as investors sort through the issues surrounding 300mm." Say it and make it so ML. Gee, and they did not know that this about this INTC possibility last week when we discussed it here months ago????? Yeah, right. I suspect tomorrow they will come out and say the selling is overdone and recommend a "buy." ML looks totally incompetent at best. A total joke.