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To: Art Bechhoefer who wrote (26837)	10/15/2004 7:10:59 PM
From: limtex	Read Replies (3) \| Respond to of 60323

AB - Firstly I reackon oil the oil price bubble will collapse the day after the election or the next after that. Just my hunch. As for AAPL they have given their entire company a huge boost with the ipod. Its not just the sale of flash that I had in mind but the creation of a new genre of device just as they have done with the ipod. The ipod is like the first Sony Walkman of 20 years ago. I said years ago that flash as the core component onto which SNDK should bolt the devices. That was before MP3 players and USB flash memory were even dreamed of. Next year we will have 8Gb flash cards and imho SNDK should be putting out a sleek new well designed MP3 player with a 1Gb flash card in it and with a space already for the 8 Gb flash card. Ready with appropriate discounts etc for the relase of the 8Gb cards. That way sndk will capture a lot of customers that might go Ipod in the interim and will have their sndk devices with all sorts of web or blue tooth goodie accessories ready to go NOW not in choimus land. That imight also get the analysts to take a bit more notice of sndk that is going to go way ahead. After the last two days sndk ought to be in a mood to listen to any anything that might be of assistance. Best, L

To: Art Bechhoefer who wrote (26837)	10/15/2004 7:14:51 PM
From: Dave	Read Replies (1) \| Respond to of 60323

Art, [Greenspan's] view, if one reads between the lines, is that it's okay to allow crude oil prices to remain around $54 per barrel (and natural gas over $7/mmbtu). Now, while I'm not a mind reader, I believe Greenspan is looking at energy prices with a long term time horizon. The longer energy prices stay "high", there is an economic incentive for energy companies to begin to increase their E&P budgets. As these companies continue to invest more money in E&P, additional supply (capacity) will "hit" the market. Eventually, these investment will lead to lower energy prices over the long run. Additionally, higher energy prices may spur investment in refineries. We can have oil gushing out of the ground, but if refinery capacity is not increased, it does not do anyone any good. I believe that no new refinery capacity in the US(?) has not increased since the 70s. Regards, Dave