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To: E. Davies who wrote (17513)12/5/1999 8:52:00 PM
From: GraceZ  Respond to of 29970
 
I wish I had as much faith in the intelligence of the market as you seem to.

I don't know if I'd go so far as to use the words faith or intelligence. I do think that the market really wants to see a deal between AOL and ATHM/T and anything that gets us closer to that will be perceived as positive. If some participants see it as a T end run around ATHM I believe that perception will be short lived.

In the long run, it doesn't matter what the market thinks tomorrow, what matters is what the major participants think. Do you think Case is in a huddle with his crew tonight or resting on his laurels thinking he has won?