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To: Bruce Hoyt who wrote (286)	6/3/1998 12:08:00 PM
From: RinConRon	Read Replies (2) \| Respond to of 609

Bruce, I agree that they may be considering a solo trip, although I would much prefer a big brother. But in mentioning their discussions with tier 1s, they are only telling us what we knew. It's designed to be a riddle because they don't know yet, but they have to update us on paper. My guess (wishful thinking?) is that there will be an EP followed by an ipo. The strength of the EP, and when, is the question I struggle with, because it has such a strong bearing on the ipo. Just thinkin' out loud.