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To: CAtechTrader who wrote (19090)	5/17/2000 9:26:00 AM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 35685

CA - I'm very sorry for the confusion, very poor wording on my part. No, I didn't mean you made such statements, just that at that time "good things are coming" sort of statements were made by others, but that aside from ENEL I do not currently see concrete reasons for such a high valuation. This is why I asked the questions: CA - I don't understand your statement - Fundamentally ELON is in the situation of being way behind its fundamentals.. From where are the fundamentals derived? I don't mean this harshly, but isn't it a bit early to make such a statement, essentially the same as those made a mere 2 months ago when the stock was at $100? (unjustifiably?) I know the ENEL deal is a good thing, but is there really enough confirmed to justify a $90 price? As Ole49r would say "they're just a widget maker, and haven't even made a profit yet". Thank you very much for your thoughts. Jeff Smith