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To: Dave Shares who wrote (14920)	9/16/1998 9:59:00 PM
From: Jenna	Respond to of 120523

David..I also posted my feelings on CPQ for a long time now, so we are both contrarian. I was not impressed with its performance for weeks now.

To: Dave Shares who wrote (14920)	9/17/1998 7:30:00 AM
From: Arthur Radley	Respond to of 120523

With the discussion of the building industry I thought I would offer the following information. My brother is a timber buyer for a company in the Southeast. I spoke with him over the weekend and he told me that the major timber companies have put them on an allotment agenda for buying their logs. The purchase of soft wood(pine) is hardly non-existent, and only hard woods(oak,etc.)can they sell on a fairly consistent basis. He also pointed out that Jefferson Smurfitt has recently purchased a local chip-mill(chips for making fibreboard)and they had completely closed the mill after the purchase. We own the land adjacent to the mill and they had leased property from us to store the logs for processing. When I was there several months ago, our property was completely filled with these logs and my brother tells me that they are now just sitting there with the mill closed. This indicates to me that there currently is a glut of timber available for the housing market. This is just one area of the country and it must be remembered that the finished product is shipped all over the country. One last thing, the housing market in the Houston area is booming. I'm in the process of building a new home and the builder can't find enough qualified framers and other special carpenters to keep up with the demand. These are two opposing bits of information, but one of them surely must bode as to the direction of the housing market.