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Biotech / Medical : XOMA. Bull or Bear?
XOMA 34.41+2.4%2:16 PM EST

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To: Robert K. who wrote (5248)1/5/1998 7:54:00 AM
From: Tharos  Read Replies (2) of 17367
 
Bob,
With foerign banks chomping at the bit of deregulation, more deals like the ones the Koreans worked out will come to pass. It is more economical to take over a large bank with name recognition and absorb 6.5 Bln in losses than it is to build a banking business from scratch. Blue Sky is Blue Sky and you have to pay for it one way or another.

If exchange rates stay over 130Y/$ then I think we have seen bottom of Nikkei. No chance gvt will change the current anemic passbook interest rates of 0.75%. Extra money will have to go somewhere. Yes, most will probally end up in US Treasuries, but as the rates fall below 6% then one has to factor in currency exchange risks. Keep in mind through all of this opinion based commentary that a recent TV news program poled women walking in Tokyo (as a rule, the women control finances in this country) and no one was willing to put money in the stock market. Will be an interesting year.
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