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To: herb will who wrote (170141)	8/27/2002 11:14:30 AM
From: Gottfried	Read Replies (2) \| Respond to of 186894

Herb, here's the damper... >The strength in July was broad-based, with new orders rising for virtually every category tracked, except for electrical equipment and appliances, where orders went down.< Gottfried

To: herb will who wrote (170141)	8/27/2002 3:06:11 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

RE:"Jim, Here’s your chance to put the damper on some good news. “Orders to U.S. factories for big-ticket goods, including cars and computers, jumped by 8.7% in July, the largest increase in nine months. Tuesday's report provided a fresh dose of good news for the struggling economic recovery”. "Tuesday's report may be a sign that the seeds are being sown for a turnaround in capital investment by the nation's businesses, a key ingredient to the economy's full recovery."" Sounds great... Jim

To: herb will who wrote (170141)	8/28/2002 5:29:20 PM
From: Saturn V	Respond to of 186894

Thanks for your posting the link for the durable good orders. usatoday.com What I was excited about was the following statements "Tuesday's report may be a sign that the seeds are being sown for a turnaround in capital investment by the nation's businesses, a key ingredient to the economy's full recovery. Orders for computers jumped 13.9% in July, after falling by 9.8% the month before. For communications equipment, orders rose 10.4%, following a 15.3% decline." However the media and the financial press just ignored the above statements. It seized upon Craig`s statements where he was simply reaffirming what was already widely known. There was no new information in Barret`s remarks, but yet it made major headlines. As conventional wisdom states BEAR MARKETS IGNORE THE GOOD NEWS, AND ONLY FOCUS ON THE BAD NEWS. If the July trends hold up, the much awaited up tick in corporate computer spending may soon be at hand. I do not expect a quick upsurge in corporate capital spending. All corporate management is focused on avoiding the WITCHHUNTS, and staying clear of the BLOODTHIRSTY MOB of vengeful legislators and investors. Capital and IT investments will have to wait until the management feels more secure.