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To: Glenn D. Rudolph who wrote (21323)	10/12/1998 6:14:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Glen, There is no one that wants you to return to even more than me, trust me. Why are you spending your hard earned wealth in a casino? Do you really feel that you have control of the the cards that are coming out? I think that the one thing we have going for us is time. Just like the wine.

To: Glenn D. Rudolph who wrote (21323)	10/13/1998 8:01:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Street Life Monday, October 12, 1998, 7:30 p.m. Surprise! Earnings Season Begins Happily By Nelson Schwartz Monday wasn't the most exciting of sessions. But it was an up day, and after all the craziness of recent weeks, there's something to be said for a nice, calm day when the market isn't in ulcer-mode. Anyway, the Dow jumped 101.95 to 8001.47 and the S&P 500 rose 13.32 to 997.71 on optimism about banking reform in Japan and Q3 earnings. The NASDAQ also did well, leaping 53.59 to 1546.08. The bond market was closed in honor of Columbus Day, by the way, which is a major reason why everything was so quiet. Here's what we've been following: THE GOOD NEWS.... Big-cap tech followed through on strength from Friday, thanks to big gains in names like Cisco, up 2 5/16 to $52 3/8, and Microsoft, up 2 7/8 to $99 3/4. Intel, meanwhile, rose 1 5/8 to $85 7/16. Internet stocks were especially strong, with Yahoo! surging 8 13/16 to $114 7/16. Semiconductor equipment-maker Novellus jumped 6 9/16 to $29 5/8 after beating analysts estimates by a full dime. That helped fellow semi-equipment maker Applied Materials rise 3 3/16 to $23 13/16. The strength of these companies suggests that maybe, just maybe, things are finally beginning to turn around in semi-land. THE BAD NEWS.... Financial shares were notably absent from Monday's party. Bankers Trust led the group lower, falling 4 5/8 to $54 1/4, after Fitch IBCA lowered BT's credit rating from A+ to A. The Street continues to buzz about just what kind of trouble BT is in. (For the inside skinny on BT, see Andy's story in the latest issue.) J.P. Morgan was another weakling, dropping 2 3/8 to $82 1/4. And despite the good news out of Asia, Citigroup sank 1/2 to $34 15/16. THEY'RE HERE.... Earnings, that is. Besides Novellus, Chrysler was another happy surprise Monday. The automaker reported profits of 1.02 a share, 15 cents ahead of estimates. Chrysler rose 2 1/2 to $44 1/4. GM, J&J, Kodak and Intel are all slated to report Tuesday and I can hardly wait. The fun continues on Wednesday with BankAmerica, Compaq, and Ford. Loose Change Apple Computer edged up 2 5/16 to $37 7/16 after Bear Stearns reiterated their buy rating on the company. Apple reports earnings later this week.... Halliburton rose 1 3/8 to $28 1/2 after DLJ upgraded the big oil-services company.... Been listening to a little John Cougar. Gotta love "Little Pink Houses" and "Paper in Fire." Haven't heard the new album yet. Opinions?.... Anyone out there ever worked as a broker for Merrill Lynch? E-mail me at nelson_schwartz@fortunemail.com.... Software maker Baan plunged 4 3/8 to $13 1/2 after saying it expected to record a big loss. Lots of partying in short-land on this one.... FDA approval of a new defibrillator lifted Medtronic shares 6 1/16 to $57.... I never heard of Paul Rogers, Andy's favorite singer. Isn't he that bearish guy on CNBC's Squawk Box?