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To: Dave Gore who wrote (61574)	7/22/2002 2:00:29 PM
From: Jack Hartmann	Read Replies (2) \| Respond to of 208838

I guess AXP is the one to spark the rally with an earning's surprise. Kenneth I. Chenault, chairman and chief executive officer, said: "The second quarter demonstrated our progress in reducing costs and improving our overall risk profile. We saw the results in lower human resources expenses and improved credit quality. These benefits, along with lower funding costs, more than offset the impact of weak equity markets and the cost of additional investments we made during the quarter to expand marketing, card acquisition, asset gathering and product development. "With solid results in the first two quarters of this year, we have stepped up marketing efforts designed to increase future revenue growth. Based on current conditions, we plan to have less of our credit and reengineering benefits fall to the bottom line and to invest more in growth initiatives during the second half of the year. As a result, our earnings for 2002 are likely not to exceed the current Wall Street consensus. We expect to see the benefit of our expanded marketing efforts in improved business metrics starting late this year and into 2003." Jack

To: Dave Gore who wrote (61574)	7/22/2002 2:08:23 PM
From: Dave Gore	Respond to of 208838

Good ESST news today, still a nice stock to buy on dips, especially with ZRAN reporting strong results a week ago. 07:31 AM ESST ESS Technology Announces Digital Audio Product Line PR Newswire 07:31 AM ESST DVD Chip Leader ESS Technology Adds SRS Labs`s Popular TruSurround Technology To Its Feature-Rich Vibratto Family of DVD Products PR Newswire 07:30 AM ESST DVD Chip Leader ESS Technology Adds SRS Labs` TruSurround Technology To Its Feature-Rich Vibratto Family of DVD Products PR Newswire 06:00 AM HD Zacks Issues Recommendations on 4 Stocks: ACDO, SLAB, HD and WB