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To: Bosco who wrote (112)	10/12/2000 2:27:42 PM
From: Raymond Clutts	Read Replies (1) \| Respond to of 326

Like your own recollection mine is fuzzy on the specifics of the disclosure rules but from what little I remember of the SEC disclosure rules that I learned in Corporations and Partnerships (over 15 years and at least one lifetime ago), insiders are obliged to disclose all purchases and sales with advance notice. I also seem to recall that the duration of that disclosure obligation essentially left corporate insiders with two annual sixty windows during which they could buy or sell with adequate advance notice. As for the SEC ruling that obligates disclosure of the size of one's holdings in public corporations, I seem to recall that when acquiring in excess of 5% one must disclose but when selling below 5% there is no such obligation. In other words you have to tell the public when you're buying an amount in excess of 5% which may indicate that you're amassing a takeover but not when you're fleeing a position like a scalded dog. I HAVE PROBABLY JUST MATERIALLY MISSTATED THE SEC'S DISCLOSURE RULES AND WOULD WELCOME CLARIFICATION OF THESE RULES FROM ANYONE WITH ANY KNOWLEDGE OF THESE DUTIES.

To: Bosco who wrote (112)	10/12/2000 2:30:10 PM
From: Tomato	Respond to of 326

Can someone tell those who didn't hear the conf. call more about what they said about the nuts and bolts of the business plan? Did they say anything about when they expected to be profitable or the amt. of losses to expect over the next few quarters? I veiw the BOD and CEO moves as positive, as Clark is more of a visionary than a day to day worker kind of guy, and I'm glad there aren't co-CEOs anymore, as one person at the helm works better than two, IMO. Speaking of helm, if anyone read The New New Thing, a book about Clark, you'll recall his obsession over his multi-million dollar yacht. He had a lot of problems getting his computers to make the yacht sail right. Wygod sounds like the kind of guy who will make HLTH sail right (if anyone can). Silicon Graphics and Netscape weren't great successes after their initial surges--hope HLTH turns out to be a more lasting story.