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To: pbull who wrote (2709)	7/2/2001 4:34:45 PM
From: pbull	Read Replies (2) \| Respond to of 13815

Companies will resume tech capex spending, says Chris McHugh, Turner B2B fund. (his fund was up 41% in Q2, helped, in part, by having a grand total of $1 mil under mgmt.) Q. Do you have a short-term outlook, any indication of when things might actually start to turn around? A. Under the environment for just technology, spending in general has been cut back with the slowdown in the economy. However, I think that over the next three to six months we will see the benefits of the interest rate activity that the Fed has done here will begin to benefit the market and you will start to see, at some point, spending come back. I think you still have to be selective in the areas of spending but through various things that we've looked at the supply chain management, CRM space, Web infrastructure and customer service are areas that companies cannot afford not to spend on for long periods of time. So any of these companies that are directly involved in those areas should see benefit as we go in through the second half of this year. --from CBS Marketwatch.