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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (14223)	11/8/2002 5:35:24 AM
From: Steve Lee	Read Replies (1) \| Respond to of 30712

They used to call it v-shaped recovery. Now they are calling it "stabilisation" or "bouncing along the trough. I call it something else. 2:39am 11/08/02 INFINEON CEO EXPECTS FURTHER PRICING PRESSURE IN ALL BUSINESS UNITS IN COMING MONTHS 2:39am 11/08/02 INFINEON CEO SEES NO SIGNS OF SUSTAINED IMPROVEMENT IN CHIP MARKET

To: LTK007 who wrote (14223)	11/8/2002 5:54:55 AM
From: Steve Lee	Read Replies (2) \| Respond to of 30712

Following IFX comments. FTSE within 1% of the psychologically important 4000 support level. It has been flirting with this level all the time the Nas and Dow have surged higher over the past few weeks. It is more of a free market than the manipulated US market IMO and as such its less dramatic Oct/Nov rally serves as a guide to the direction the "real" market forces are pointing to. FTSE currently 4032 versus high of 4100 earlier this morning.