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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.34-0.1%Jan 30 3:59 PM EST

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To: bambs who wrote (45940)1/3/2001 8:03:08 PM
From: Monty Lenard  Read Replies (1) of 77400
 
Wonder if liquidity problems in bonds had more to do with the cut than stocks.

12:40 ET
30-year: +5/32..5.330%....GNMAs: unch....$-¥: 114.15Just came across an
interesting little tidbit from the stock arena, as a slowdown in the global economy will
reportedly force Office Depot to close 70 stores, cut its sales force by 10%,
consolidate its call center operations and relocate warehouses. The company also
announced that it would write down $45 mln worth of Internet investments, as well as
$12 mln related to joint venture operations in Japan. As far as we are concerned, we
have yet to hear the full story when it comes to corporate losses as a function of
Internet investment, a dynamic that could prove quite bullish for fixed-income if it helps
to exacerbate liquidity concerns.

briefing.com

Message 15118814
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