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To: Lizzie Tudor who wrote (11809)	5/30/2002 10:51:04 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Nice outside range days today in Brocade, Emulex and Mercury Interactive.

To: Lizzie Tudor who wrote (11809)	5/31/2002 9:41:17 AM
From: Logain Ablar	Read Replies (2) \| Respond to of 57684

Lizzie: CMRC is starting to show some life with a couple of sales of its new product. Exclusive of its large float do you have any comments? Subject 52976 Thanks Tim

To: Lizzie Tudor who wrote (11809)	5/31/2002 11:24:17 AM
From: stockman_scott	Respond to of 57684

Consumer Sentiment at 1-1/2 Year High Fri May 31,10:49 AM ET By Ross Finley NEW YORK (Reuters) - U.S. consumer sentiment rose in May to its highest level in one and a half years as a steadily improving economy and a measure of calm in the Mideast helped lift consumers' assessment of the present and future hopes. The University of Michigan said on Friday its final May consumer sentiment index rose to 96.9 from 93.0 in April, beating expectations and slightly above the preliminary May reading of 96.0 released two weeks ago. Forecasts were for the index to hold at 96.0. "The steady flow of fundamental improvement in the economy is probably the reason why we see this turnaround in sentiment," said Kevin Logan, market economist at Dresdner Kleinwort Wasserstein. Retail sales in April doubled analysts' forecasts and personal spending also surged, ensuring a strong start to second quarter growth after last year's mild recession. Consumer spending underpins two-thirds of the U.S. economy. But analysts said an acceleration in already robust spending levels -- which were consistently strong through last year's downturn -- were dependent on an improvement in still-sluggish labor markets. "Further spending gains will be largely determined by job creation and income growth," said Steven Wood, economist at FinancialOxygen in Walnut Creek, California. Financial markets did not react initially to the University of Michigan data. But interest-rate sensitive Treasury securities fell sharply and stocks rose following a report showing a surge in Chicago-area manufacturing in May and a strong 1.2 percent gain in April factory orders. The final University of Michigan current conditions index, which tracks consumers' views about their present financial situation, rose to 103.5 in May from 99.2 in April, also up from a preliminary reading of 103.2. And the expectations index, which measures attitudes about the 12 months ahead, rose to 92.7 in May from 89.1 in April. The preliminary reading was 91.3. The University of Michigan consumer sentiment survey is based on telephone interviews with roughly 500 Americans across the country on personal finances and business and buying conditions. The data are released directly to market subscribers only and were obtained by Reuters.