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To: Julius Wong who wrote (3672)	4/22/2001 4:52:05 PM
From: Angler	Respond to of 4916

Julius: We have a big stable State Government employment and some Federal payrolls around here as well as a burgeoning growth in all sectors of residential and commercial building driven by population increase. It's like a foodfest now so we'll have to wait and see if this regions euphoric growth will outlast the rest of the weakening economy until the recovery of the Nasdaq. Our immediate environment tends to influence our outlook that's for sure. So far there seems to be little anxiety even in spite of regular gas prices approaching $2 gal plus the notorious Utility price increase. Angler

To: Julius Wong who wrote (3672)	4/22/2001 9:29:58 PM
From: Jerry Held	Read Replies (1) \| Respond to of 4916

Don't expect market conditions to change this scenario. Read "The Millionaire Next Door" by Thomas Stanley and William Danko. Your neighbors aren't likely to change their savings/investing habits when the market is more favorable. Jerry

To: Julius Wong who wrote (3672)	4/23/2001 10:03:09 PM
From: Julius Wong	Respond to of 4916

On semi stocks Salomon Smith Barney analyst Jon Joseph recently upgraded the group on the assumption that the industry would trough over the next few months, and that the stocks typically rally in advance of a fundamental turnaround. However, Dan Niles of Lehman remains a bear and Mark Edelstone of Morgan Stanley recently lowered numbers on INTC as its Pentium 4 price cuts should become more aggressive. Today, Joe Osha of Merrill throws his hat into the ring by downgrading its intermediate-term ratings from Accumulate to Neutral for Applied Micro (AMCC 30), Intel (INTC 32.43), PMC-Sierra (PMCS 44.81) and Vitesse (VTSS 34.77).