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To: D.B. Cooper who wrote (8056)	7/4/2002 9:43:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 13815

Hi D.B. factory orders improving inventories decreasing Where are you getting your information? I can tell you in manufacturing, orders are not improving that much and what new orders there are are being met with serious pricing pressure which will result in substantially lower earnings. That will equate to higher valuations if stock prices remain at these level or even rise. Also what do you base your "inventories decreasing" on? Last I'm aware of inventories are still too high- but I don't have any links at my finger tips and admit I may not be correct there. Would appreciate it if you could substantiate your claims.