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To: Charles Tutt who wrote (42187)	3/20/2001 3:21:48 PM
From: High-Tech East	Respond to of 64865

Charlie ... my order to sell two June S&P futures contracts is within a fraction of being filled at 1163 ... placed the order before the markets opened this AM ... if filled, it will make me short again (but this time, short the actual futures which are much more liquid than the options I held previously) ... Ken

To: Charles Tutt who wrote (42187)	3/20/2001 4:21:18 PM
From: QwikSand	Read Replies (2) \| Respond to of 64865

Why should he help us out? Everything's going along great in the economy. Here's (most of) today's WSJ email update. Nothing but good news. I'm surprised he cut at all. --QS (Note: I have to add that I don't think the size of the cut would have made any difference to where markets will be one or two weeks from now: further down the tank.) TECHNOLOGY UPDATE from The Wall Street Journal March 20, 2001 Oracle plans to reduce its world-wide work force by 1% to 2% as the database software giant reviews its operations after posting disappointing quarterly results. * * * Philips Electronics expects income from its semiconductor unit to decline by 10% in the first quarter because of the weak U.S. economy and soft telecom and PC markets. * * * Creative Technology said it will cut 10% of work force, as the maker of digital entertainment products moves to "aggressively cut costs." * * * Xpedior will lay off 300 employees, or 42% of its work force. The Web consulting firm also warned that its stock is "likely" worthless. * * * Solectron sharply lowered financial targets for the next six months and said it would cut 10% of its work force. The electronics maker blamed slowing sales by big technology customers. * * * Corning again lowered its earnings guidance for this year, citing a reduction in spending by its telecom customers.

To: Charles Tutt who wrote (42187)	3/20/2001 5:48:24 PM
From: JDN	Respond to of 64865

Dear Charles: Well, we used to say, GORED by Gore, now I guess its BEANED by Greenspan. I say the guy is unwilling to admit his mistake last year and is willing to let a lot of people suffer to cover up his errors. Either that or he is Senile. Both kind of scary, dont you think? What this market needed was SHOCK TREATMENT. Remember Vietnam when we GRADUALLY increased force. Didnt work and this gradual reductions wont either. I said a few days ago the Funds Rate needed to go down to 3%. I just heard an economist today say 3 1/2%. Maybe I ought to come out of retirement and straighten this situation out with my Buddy GW. haha JDN