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To: Justa Werkenstiff who wrote (27569)	1/11/2002 10:33:09 AM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

I thought capex was $7.5b last year.

To: Justa Werkenstiff who wrote (27569)	1/11/2002 10:38:21 AM
From: JRI	Read Replies (2) \| Respond to of 209892

On top of that, ML went strong on Dell this morn...upped revenues... Meanwhile, Milunovich of Merrill right now is saying 80% of tech is overpriced right now.. What a joke...these guys want to say they are right no matter which way it goes.. But the Dell call is one of those daily trading things...so that, plus Niles Intel comments, does make betting against Soxx/Comp more challenging today.. Finally (and I am not trying to like Merrill), but we didn't blow thru the 2055-2063 top on that last go, and I am surprised, and I absolutely think it has to blow thru if it makes another run in the next few minutes...or I may even bet on it going down...you only get so many bites at the channel..