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To: John Pitera who wrote (5622)	9/6/2001 12:09:58 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 10077

Lets just be honest. INTC can't give us a decent outlook now! 50% of their sales for qtr 3 come in sept if I'm not mistaken. Furthermore, it seems obvious to me that larger forces have been keeping us afloat the past couple days. We should already be a 52 week lows in the Nas IMO.

To: John Pitera who wrote (5622)	9/6/2001 1:22:58 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 10077

Hi John, >>One of the biggest problems for stocks seems to be the lack of enthusiasm surrounding the restructuring play<< Exactly. What is there to be enthused about? The restructuring and M&A activity today is quite different than what we saw several years ago. In fact it seems to be motivated by precisely the opposite market dynamic. Decreasing demand...... whereas previously companies were buying additional capacity. I think what is most surprising about the current market condition is the swiftness and overall broadness of the contraction of corporate spending. And now with consumer confidence waning, consumer spending most likey will follow suit. This type of not so rosy scenario makes one pause and wonder just how "cheap" is cheap in this market. As referenced in my previous post, I think we need a bigger "pie". <g> Message 16301543