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To: Jorj X Mckie who wrote (75362)	9/29/2002 5:11:30 PM
From: Dave Gore	Read Replies (1) \| Respond to of 208838

Jorj, pardon me but I notice that I am being VERY specific and you very safe, pat, and vague...and inaccurate: You said: <"How did the telecom analysts know that the telecom industry was going to take a dump a year before it did..."> ** You are kidding, right? The telecom stocks had plummeting profits, prices, and problems before most analysts downgraded any of them. In fact they were UP-grading them! Look at WCOM and the targets even late last year. Dec 11 2001 UBS Warburg Initiated Buy $20 Dec 4 2001 Banc of America Sec Initiated Buy $19 Nov 27 2001 USB Piper Jaffray Initiated Strong Buy Nov 19 2001 Pacific Crest Initiated Strong Buy Nov 15 2001 Credit Lyonnais Sec Initiated Buy $19 Nov 8 2001 SoundView Technology Initiated Hold $16 Oct 29 2001 Lehman Brothers Upgrade Buy Strong Buy Oct 26 2001 Dresdner Klnwrt Wass Reiterated Add $15 Oct 26 2001 Robertson Stephens Reiterated Strong Buy $19 Oct 26 2001 Merrill Lynch Upgrade NT Neutral NT Accum Oct 25 2001 Thomas Weisel Reiterated Strong Buy Oct 25 2001 Kaufman Bros Reiterated Strong Buy $27 $24 Oct 16 2001 Thomas Weisel Reiterated Strong Buy Oct 16 2001 Jefferies & Co Initiated Hold Sep 25 2001 Robertson Stephens Upgrade Buy Strong Buy $19 Sep 24 2001 CIBC Wrld Mkts Upgrade Buy Strong Buy $18 Sep 5 2001 Thomas Weisel Upgrade Buy Strong Buy Aug 30 2001 Merrill Lynch Reiterated NT Neutral Jul 27 2001 Dresdner Klnwrt Wass Reiterated Add $20 Jul 27 2001 Kaufman Bros Reiterated Strong Buy $27 **

To: Jorj X Mckie who wrote (75362)	9/29/2002 5:15:16 PM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

" Specious ".... now that was just the word I was looking for ...thanks! ;-) PS: Is BRCM in single digits where it belongs ? hehe...

To: Jorj X Mckie who wrote (75362)	9/29/2002 5:21:07 PM
From: Dave Gore	Respond to of 208838

Jorj, shouldn't these analysts (of all people) have known problems were coming? I mean, this one sector is their whole livelihood, their major focus 40-80 hours a week. That's why I question you telling me that people can predict prices by doing their homework. I mean, it seems that analysts, which you seem to support, are either all incompetent or dishonest. And again (regarding ESST) - does it seem odd that shorts would attack the stock so suddenly and viciously 5-6 months in advance of any bad news, even when ESST beat earings by 30% and had margins increasing from 23% to 44%? And then beat earnings again 3 months later with margins still very high? Again, I've never seen a 200% increase in a short postion (within a 30 day period) when the earnings turned out so incredbily strong for the next 2 quarters in a row (without margin degradation and channel stuffing). Have you? It's really a simple question, I thought.