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To: Glenn D. Rudolph who wrote (102829)	5/5/2000 11:13:00 AM
From: Danny	Read Replies (2) \| Respond to of 164684

Could whoever still think we will go below 3000 mark please stand up? :) Never underestimate the power of the market. Danny

To: Glenn D. Rudolph who wrote (102829)	5/5/2000 11:15:00 AM
From: H James Morris	Respond to of 164684

>Boston, May 5 (Bloomberg) -- John Hancock Financial Services Inc. shares rose 12 percent after better than expected earnings driven by one-time gains and returns from private-equity investments. ``I would expect it's going to rally,'' said Thomas Gallagher, an analyst at Keefe Bruyette & Woods, who reiterated his ``buy'' and raised the target price for the stock to $24 a share from $19. The Boston-based life insurer, said after the markets closed yesterday its first quarter operating income rose 43 percent driven by a one-time gain in its pension business, investment income and proceeds from the company's initial public offering in January. The pension gain was a $23.3 million fee payment to the investment management segment's timber group. Gallagher said the earnings also were buoyed by repositioning of assets previously invested in underperforming real estate into private placements that yielded better income. The Boston-based company's first-quarter operating income, which excludes realized capital gains, rose to $205.4 million from $143.4 million, beating expectations. Total revenue rose 7 percent to $1.84 billion from $1.72 billion. Net income rose 2 percent to $191.5 million from $188 million, a year ago. May/05/2000 10:27 GMT