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To: Thomas G. Busillo who wrote (1623)	9/3/1998 7:32:00 PM
From: Gorak Shep	Read Replies (1) \| Respond to of 17683

Thomas, your message about sell-side analysts is well taken. Consider today that "Morgan Stanley Dean Witter raised its earnings estimates on the Pentium chip maker to $3.15 a share from $3.05 for 1998 and to $3.90 a share from $3.85 for 1999. Morgan Stanley said Intel will benefit from a seasonal uptick in demand and an end to a multi-quarter inventory correction." What? They forgot to account for the seasonal uptick, a regular predictable pattern, in their earlier estimates? If so, then why should anyone take them seriously? Nonetheless Intel was up all day today in a down market largely, it is argued, on this recommendation. Why didn't Faber or Kernan LOL on air about this?

To: Thomas G. Busillo who wrote (1623)	9/3/1998 8:55:00 PM
From: jopawa	Read Replies (1) \| Respond to of 17683

Tom, Dead on assessment of head cheerleader Maria "we're in rally mode" Bartiromo. Every morning she is wrong. Constantly saying so and so is up in pre-market trading, and often times it is down by the time she reports it, or is up 1/4 on perhaps 5000 shares. If that is so important, I could affect the premarket if I had access to it! She really seems to be far to influenced by the floor brokers and the sell side analysts in the morning, all with a personal agenda. John