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To: Robert Rose who wrote (89704)	1/4/2000 5:44:00 PM
From: Sam Citron	Read Replies (2) \| Respond to of 164684

I suspect that GM originally went with FMKT because another GM [Glen Meakem] was the first one to show them how to apply an industrial strength reverse auction. These reverse auctions give GM the chance to better leverage their bargaining power viz-a-viz their suppliers. No wonder GM chose to spin off their Delphi division. I don't own stocks selling at 300 x sales, since I view such aberrations as unsustainable. Much safer to own GM, which as I said is the big winner in this space, as unfashionable as it is.