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To: Bill Morel who wrote (4096)	12/1/1997 4:37:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 95453

Kurlak is either an idiot, or a lier. But to survive as an analyst you must be able to lie well for your firm, and be able to back it up with bs research. The reports you read, by the way, are specifically made for the retail client, not the institutional guys, not to say that what they get is much better, they just get it two weeks before you do. No offense, but obviously you have not been following Kurlak long. Go back and read his reports on Intel for the last 3 years. Short term, he does have an influence on the stock price, usually down. Thankfully, he is always 100% wrong when he invents these negative theories about Intel. I specifically remember, it must have been Feb or March of 1996, he downgraded Intel right at the low then of around $49. Said not to touch it, its days were over for at least a year. It wasn't two weeks later that Intel took off and never looked back. Also, read Kurlak's reports on Micron, MU. He and Soundview were the two biggest bulls in the world on that gem. Wrong again.