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To: chic_hearne who wrote (36323)	11/10/2000 4:33:14 PM
From: Les H	Respond to of 436258

It has to do with analysts scurrying to revise outlooks on companies as fast as the conference calls are over. I had thought that they would wait till the warnings season which is still three weeks away. We have the Killer E's still in play: Earnings, Energy prices, Euro, slowing Economy especially Retail, ... The cash crunch/credit bust is hitting telecom/internet space - see AT&T, Worldcom, BT, and perhaps even Sprint looking to raise cash thru spin-offs to pay off debt, etc.