Message-ID: <18570391.1075844197409.JavaMail.evans@thyme> Date: Mon, 9 Apr 2001 03:47:00 -0700 (PDT) From: henry.emery@ubspainewebber.com Subject: UBSW BREAK-IN BULLETS: PCG Bankruptcy is a Cloud, Not Calamity: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: HENRY.EMERY@ubspainewebber.com X-To: X-cc: X-bcc: X-Folder: \Richard_Shapiro_June2001\Notes Folders\All documents X-Origin: SHAPIRO-R X-FileName: rshapiro.nsf The enclosed research report is being sent to you from PaineWebber by: EMERY FINANCIAL GROUP 713-957-7060 HENRY.EMERY@PaineWebber.COM Please contact them if you have any questions or would like to discuss this material. The information contained in the attached research report is believed to be reliable, but its accuracy is not guaranteed. PaineWebber Incorporated and/or Mitchell Hutchins Asset Management Inc., affiliated companies and/or their officers, directors, employees or stockholders may at times have a position, including an arbitrage position, in the securities described herein and may sell or buy them to or from customers. These companies may from time to time act as a consultant to a company being reported upon. You will need the Adobe Acrobat Reader to view this document. If you don't already have it just click on this link, http://www.adobe.com/prodindex/acrobat/readstep.html, and follow the on-screen instructions. The Acrobat Reader is free of charge. - PA05888920010406D02.pdf