MILLENNIUM BUCKS

April Minutes

· Treasure Report: We closed out Michael and Kent. We sold Keane and paid them out by 97%. Checks to be mailed to them April 20^th

*Current Holdings:

Cambrex- about the same, Quarterly report out next Monday

Clorox- merge r with company in Brazil fell through. Down

Graded on earnings at 31.

Dell- Up 30.18

Keane- Sold!!

Papa John’s- Loosing a little

Staples- Down 16.95

Thor- 21.48 at closing. Received funding for power fuel cell

bus

Intel- 26.30. Cut prices on Pentium 4 and Celeron processor.

Down 3.5% form projections on first quarter. Cut 5000

Jobs as a result

*Presentation on Tellabs (Johnny Leahy):

- Tellabs is a telecommunications company, specifically dealing with telephone/cable/digital designs, manufacturing, marketing and service. Both voice and data equipment.

- They mainly have 2 products: Matis and Titan.

- Growth and profitability is up over the last 5 years, and expect to be up even 26% more over the next 5 years.

- New products look promising. Not expecting to show this until last ½ of 2001.

- Concerns: Accounts receivable is up.

Slow down in telecommunications.

Carriers are allowing to continue on previous instead

of building new.

- Risk: Threat of optical cross connectors .

-

*Discussion regarding SSG: different ideas upon how to fillout.

*Pat to place a market order of 30 shares on Tellabs.

*Watch out for Express Script: up 1^st quarter.

*Ideas for next month, and so on, for companies to look at.

*Next meeting at Holihan’s on 161.