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To: Dave Gore who wrote (118464)	12/8/2000 4:44:48 AM
From: lee kramer	Read Replies (1) \| Respond to of 120523

I like the notion oF A "NATIONAL DAY OF WARNING"...better yet, a National Week/Month of Warning...kinda like the National Year of Global Warming"...another bit of nonsense as my outside thermometer has been recording near record lows.

To: Dave Gore who wrote (118464)	12/8/2000 8:04:16 AM
From: SBerglowe	Respond to of 120523

Dave, You really are on to something. By the way are you Al's brother? Susan

To: Dave Gore who wrote (118464)	12/8/2000 9:28:06 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 120523

Dave: LOL! You know, I've got to admit that I've long wondered who in hell first came up with the idea of the earnings warning anyway. Why not just announce your bad news on earnings day and leave it at that? Shouldn't that be Warning Day for each company? The warnings season just adds a huge element of randomness into the market. If you know earnings are out on X date, then you are at liberty to be in or out of the company on that day, depending on your willingness to assume risk ahead of the numbers and forecast. But an earnings warning can come out and get you any day with no, well, with no warning. Don't you need a pre-warning warning? And a warning for that as well? An earnings warning will get you in pretty much the same way as bad numbers or negative guidance, so what's the point of it? What's the upside to this mechanism, which doesn't inform us any better than an earnings-day announcement -- sooner, yes, but what good does that do investors who are going to suffer the effects one way or the other? -- but does add significant uncertainty (randomness) and volatility to the market? That said: hooray, INTC! Crummy quarter -- forecast of an even worse 1Q2001 -- and we rock! <GGG>