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To: John Stewart who wrote (3062)	10/2/2000 10:43:29 PM
From: Pete Young	Read Replies (1) \| Respond to of 3661

ps. A better indicator of a possible top is a rush of secondary offerings and/or stock splits Well, we've had a secondary and stock splits/insiders sells in other SOX stocks. MTSNs secondary left MTSN with $125m, ($6.23/sh) add that to bk ($9.41/sh) and hmmm we get around $15/sh. I do remember '98, however, when MTSN ended up trading for awhile for less than it had in cash/sh. Interesting time. Would've I had been a bit bolder then...sigh. Well, there's always next time. I wonder if we are going to get below $13? Seemed like quite a bit of support there a few days ago. CFMT kind of fell out of bed on that day, though--indicating someone suddenly reversed on the finality of the merger. I wonder if what we are seeing in the semi sector is the equivalent of the currency blocks forming (hopefully with more resilience than the euro) worldwide. AMAT being the US, and a yet undetermined name(s) arising as the center(s) for a counterweight conglomeration(s). Wonder when it will all come together? By the time of the next up cycle? Might be worth waiting around for...especially holding some of the pieces. Pete

To: John Stewart who wrote (3062)	10/3/2000 2:58:51 PM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 3661

John, Another top indicator is insider selling by senior management. There was plenty of insider selling in some of the chip equipment stocks near the highs of earlier this year. However, Brad has not sold a share which should be a good sign. It is hard to believe that we have seen nearly a total round turn in MTSN while the outlook still remains favorable. I don't think the cycle is ending but I do think this group just got caught in a nasty NAZZ bear market. When they get to the fiber optic darlings and puncture that bubble, it will be time to buy. All the best. Phil