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To: Jorj X Mckie who wrote (23403)	8/31/1999 11:11:00 AM
From: Tulvio Durand	Read Replies (1) \| Respond to of 34811

... Y2K lockdowns that will commence on October 1. These lockdowns are federally mandated for a number of major industries as well as government entities. J, please explain "federally mandated" Y2K lockdowns. What is a lockdown? How is Fed. involved? Thanks. Tulvio

To: Jorj X Mckie who wrote (23403)	8/31/1999 9:26:00 PM
From: Hardline	Respond to of 34811

>When you say "look for Tech to be strong the last 4 months of the year", do you mean the stock price or the revenues? Shareholder return is the most important element, so the answer is stock price. Here is my reasoning. I believe tech companies and especially analysts have been sandbagging tech revenue numbers because of Y2K fears. I believe tech companies will blow through their 3rd quarter numbers but just before that, analysts will revise their estimates up. The only thing that could put a damper on a tech rally would be a Fed hike before year end. Hardline