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To: steve olivier who wrote (2702)	12/8/1999 10:45:00 AM
From: steve olivier	Read Replies (1) \| Respond to of 2920

Well what a morning. Now I have 3 quality mm's to follow. Boy it is nice to see SNDV on my level 2 screen! When do NEED and TUCK initiate coverage? I would say sooner than we think. Basis - none, just a hunch. BTW: SNDV is way low on their estimates, unless they are using a pro-forma tax rate. That's ok, gives them a reason to go to a "strong buy" when they up their estimates. That's the way the game is played.

To: steve olivier who wrote (2702)	12/8/1999 10:49:00 AM
From: jeffbas	Read Replies (1) \| Respond to of 2920

Steve, Soundview is extremely clever. As we "know", those estimates are way too low, IF they writedown the fab, which they led us to believe they would in the latest 10Q. That gives them room to raise them if/when they announce a writedown. I love their target on the current estimates -- guess what happens when they raise them. This is much better than their CCUR "buy", and it is totally out of the blue - can NEED/TUCK be far behind? However, it does look a bit like a catapult over the 1996 high of 14 1/8 and a blowoff. We might have a pullback of half the distance from the major breakout point of 9. But I don't see any way now this stock does not end up in the 20's.