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To: KHS who wrote (1027)	10/4/2000 1:13:05 PM
From: Scrapps	Read Replies (2) \| Respond to of 2404

Did you read the Stephens report Keith? If so you'll recall it said AWRE had the potential of becoming explosive, or something to that effect. Anyway I took it as a very clear warning to anyone who is short the stock. As for management taking part in breaking the short interest...I think that is a bad idea and they should concentrate on their work. No one wants management manipulating the stock in any manner. I've seen on other boards people complaining about management (insiders) selling stock. It just goes to show those posting that don't know much about how management gets paid and what retains them with the company. Those postings are so poorly thought through it appears as though they're an attempt to talk down the share price. BTW. Have you seen how ADI is doing today? It's up over $5 a share now.

To: KHS who wrote (1027)	10/4/2000 7:20:35 PM
From: Scrapps	Respond to of 2404

[OT] Keith: This you've got to love. They've turned on each other and in public. By Jon Friedman, CBS.MarketWatch.com Last Update: 12:54 PM ET Oct 4, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - Federated Investors, the Pittsburgh mutual fund company that manages $125 billion, took the unusual step of criticizing Wall Street powerhouse Goldman Sachs over its investment banking services. It's rare when one financial-services firm voices displeasure over the level of service of another company, because Wall Street outfits prefer to conduct their business in private. Further, Goldman Sachs is regarded by many analysts as the premier investment-banking firm and seldom gets a public rebuke. "I'm not aware, in my 30 years on Wall Street, of a similar complaint about Goldman," said Michael Holland, president of Holland and Co, a money management firm in New York. Federated executives, in a story first reported Wednesday by Bloomberg News, said they're unhappy with Goldman, the largest equity underwriter, because it fails to provide adequate access to its research analysts, superior trade execution and reasonable access to initial public offerings of equities. Bloomberg noted that Federated had also reduced its trading with Goldman. Federated's dissatisfaction may underscore the discontent among many regional securities firms, which are defined as companies that aren't based in New York City, with their treatment by New York firms. Smaller firms pay their larger counterparts to receive their research - as a way of obtaining stock tips and showing their customers that they have access to big-city securities analysts. But the firms in the heartland often seethe privately that the Goldman Sachses of the world don't give them proper respect. Federated executives beseeched Goldman in letters, a phone call and a meeting to address their company's needs. Since Goldman (GS: news, msgs) didn't reassure Federated (FII: news, msgs) that it would do better, the Pittsburghers are voicing their displeasure. "Yes, we have expressed our dissatisfaction," Federated's director of equity trading David Briggs told CBS.MarketWatch.com. "Goldman's strength is IPOs and we'd like to see more (in) research and trading." Briggs, speaking cordially, said Federated hopes to have an ongoing business relationship with Goldman, and he stressed that it doesn't make a habit of going public with its dissatisfaction. Apparently, Federated - speaking on behalf of its fellow regional firms - felt that it had no other recourse to get Goldman's attention. "It's something that a lot of people were glad was said," Briggs said. Bloomberg quoted Thomas Madden, Federated chief investment officer for U.S. stocks, as saying: "A number of my colleagues here feel neglected." In New York, Goldman spokeswoman Kathleen Baum declined comment, as did Robert Steel, Goldman's co-head of equity equities. Federated executives don't bear a grudge with Goldman employees and say they hope soon to put this problem behind them. "If they're bright guys, they'll view this as an opportunity," Briggs said. -------------------------------------------------------------------------------- Jon Friedman is a reporter for CBS.MarketWatch.com. cbs.marketwatch.com