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To: Robert Rose who wrote (81615)	10/22/1999 1:03:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

yes, and furthermore I'm not sure why the market is rising right now in light of the rate threat and bias. However, I've come around to think the hottest sectors actually protect against widespread market declines in this environment. Software really got hammered last year and has yet to recover fully so the valuations aren't so far out of line... with the exception of Ariba. Do you know that Krach was hoping to sell arba to psft for 800mm last year? Thats a fact, psft invested 1 million and Krach was concerned about competition from the big guys.