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To: Kevin who wrote (43513)	5/19/1998 1:57:00 PM
From: Patrick Slevin	Read Replies (3) \| Respond to of 58727

My early guess is to fade the reaction for a day trade. Flat right now. The reaction to a "no-change" determination would either be a relief rally or possibly giddy selling. The selling should get halted and rally into the close, a relief rally would see profit-taking as the stops get hit on the shorts. So what gives here? Early news or the usual pre-announcement rumors? EDIT I asked because the sucker (SP8M) dropped over a point in moments, after tighttly trading for what seemed like ages in less than a 1 point range.

To: Kevin who wrote (43513)	5/19/1998 2:00:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 58727

Kevin Re:MSFT Is it true that Judge Thomas Jackson will handle the injunction hearing? This would be the same judge as the last time. Gersh