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To: Ken Brown who wrote (5838)	7/11/1998 1:51:00 PM
From: Kirk ©	Respond to of 42834

Ken I suspect this will trigger another round of semi-sector bashing. You could be right. Then again, I think their recovery in '96 started right after they announced cut backs. I have their press release warning posted here suite101.com The "more severe than previously expected." is key. If it shakes out some more longs, then it could have a good drop. My read is many major brokers have it in accumulation mode now so this could just spark more buying as people look to trade expensive sugar water stock or insane internet stock certificates for some real value and quality. Then again, the masses have a fondness for tulips so who knows? 8) regards Kirk

To: Ken Brown who wrote (5838)	7/15/1998 11:10:00 AM
From: Ken Brown	Read Replies (2) \| Respond to of 42834

Has anyone else noticed how poorly Utility mutual funds have done lately? It seems odd to me that even though the Dow Jones Utility average closed at a record high on June 30 (up almost 3% for the quarter), Utility funds, on average, lost money. The average return for predominately US-specific utility funds was a loss of about 2% for Q2. Only a couple made money, and none of them came close to the index. I realize the index is weighted towards electrics, whereas most utility funds are more diversified. I still find this divergence interesting, although I have no idea what it means, if anything. Ken