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Technology Stocks : Oracle Corporation (ORCL)

ORCL 201.88

-1.5%

12:59 PM EST

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To: nanu swamy who wrote (4497)	12/15/1997 7:43:00 PM
From: John F. Dowd	Read Replies (1) of 19080

Hey nanu do you know what the word sophomore means and how it is derived. beware of the immediate application of newly found "knowledge". True the Fed lends money at the discount window and true they manipulate overnight bank borrowings through the Fed Funds rate and they can fine tune with Open Market Ops.but hey cannot control the fact that there is presently a flight to the dollar which is long over due as the other currencies of the world are artificially high. How do I know ? Go shopping in a foreign country and see what things cost in terms of dollars! The bond market will get stronger and interest rates therefore are headed down Fed or no Fed. Why do you think Buffet bought no couponTreasuries months ago? The only companies that prosper in this environment are efficient ones. MSFT is one of them.

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