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To: Diamond Jim who wrote (91078)	10/27/1999 9:25:00 PM
From: Road Walker	Read Replies (2) \| Respond to of 186894

Jim, All, re: selective information The following is from a recent speech by Arthur Levitt, Chairman of the SEC: "Let me turn to another important issue in the area of analyst communications: selective disclosure. The behind-the-scenes feeding of material non-public information from companies to analysts is a stain on our markets. This selectiveness is a disservice to investors and it undermines the fundamental principle of fairness. In a time when instantaneous and free flowing information is the norm, these sort of whispers are an insult to fair and public disclosure... Unfortunately, there is no simple regulatory or legal fix to this problem. But the Commission is planning to take action where it can. Within the next few months, we will consider proposing rules to close the gap between those in the so-called "know" and the rest of us in the public." The brief speech is worth every investors time, it's at: sec.gov My compliments to Mr. Levitt for his honesty, especially if he acts on his comments. John