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To: The Ox who wrote (13730)	8/3/2000 9:55:54 AM
From: SJS	Read Replies (1) \| Respond to of 14427

Mike, We're going to get a BK if semi's go down. However, I submit for your approval, this comment: ____________ 09:11 ET SIA Data : Latest Semiconductor Industry Association data suggest that chip shipments accelerated to 48% in June from May level of 40%. Morgan Stanley says that while it expects yr/yr revenue growth will peak in a few months, top-line growth should remain in double-digit level in C2H00. Citing strong demand and inventory management, Morgan expects most of the semi stocks to advance from current levels.