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To: Bill Harmond who wrote (146131)	8/25/2002 2:40:44 PM
From: H James Morris	Read Replies (1) \| Respond to of 164685

So many (perhaps not you) refer to the Web's first years like the Dutch tulip mania, which was obviously built on nothing but hype. How many of these tulips do you think were built on hype? Most of these tulips will keep on growing thanks to reverse splits. finance.yahoo.com

To: Bill Harmond who wrote (146131)	8/25/2002 6:47:36 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164685

"So many (perhaps not you) refer to the Web's first years like the Dutch tulip mania, which was obviously built on nothing but hype. The difference is that tulips went back to being tulips, ehereas the Web keeps making our lives increasingly more productive, and lasting businesses are growing from this." We clearly were talking about two different things. My reference was solely to Bill Miller's desire to try and boost the stock price in a losing position. One in which he has a very large position. I was far from talking about the internet in its entirety or related businesses. Bill Miller is also "hyping" Tyco which has very little direct ties to the internet. My opinion is he has bought both these stocks at too high a price. He has averaged down and may even average down further. It is a more risky approach than most and he does have the equity in the fund to persue this. It may work out for him. The bear market distorts these to the lower end and clearly it would have a better chance in a bull market.