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To: BostonView who wrote (2818)	8/1/1998 4:03:00 AM
From: rupert1	Read Replies (1) \| Respond to of 5232

BostonView: Re: Cowen & Co. I recall that their analyst did comment a couple of days after the debacle. He said he was maintaining a buy. I saw it on one of the the threads; it may have been in a CNBC interview. Victor

To: BostonView who wrote (2818)	8/1/1998 4:13:00 AM
From: rupert1	Respond to of 5232

BostonView: Re: 7% - you make a good point. That figure was in wide currency on the day after earnings. In fact Faber on CNBC was using that figure and other hard figures on the morning of the debacle to make the comment that the expected performance was not so radically different from expectations and that the fall in share price was exaggerated. I assumed that the figures he was using had emerged from the CC espescially as those figures were repeated by others (and have been used again in the memo). But that figure was not in the original Sanjay press release. The text said "a slow down in growth". I have seen a lot of comment on the fact that the slowdown will be for two quarters, but I think the warning was for "some quarters" and I think the indefinite nature of the warning has exarcerbated investor concern. People want visibility going forward. If we could rely on the fact that it is a slow down in growth and not a no-growth or negative growth situation, that might stabilise investor sentiment around an appropriate level. Victor Victor