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Technology Stocks : Discreet Logic (DSLGF) - It is a good buy NOW!
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To: Trader Dave who wrote (812)5/18/1998 6:12:00 PM
From: Luc N.  Read Replies (2) of 996
 
DSLGF beat the downward trend today, have we hit bottom?

Industrials Slump
As Techs Stumble
On Microsoft Suit

By TERRI CULLEN
INTERACTIVE JOURNAL

The Dow Jones Industrial
Average logged its third straight
loss, as concerns about the
government's sweeping antitrust
lawsuit against Microsoft sparked a
sell-off in the technology sector.
But bonds jumped as
flight-to-quality buying continued
and investors bet the Federal
Reserve will hold interest rates
steady at Tuesday's policy meeting.
The dollar surged against the yen.
The Dow Jones industrials fell
45.09 Monday to close at
9050.91. Worries about interest
rates, the continued turmoil in the
Asia markets and Wall Street's
historic valuations have trimmed
161 points off the industrials since
the average hit a record 9211.84
last Wednesday.
The Standard & Poor's
500-stock index fell 2.91 to
1105.82 and the New York Stock
Exchange Composite Index shed
2.32 to 572.08.
Technology shares tumbled
after federal and state regulators
filed suit against Microsoft,
charging the software giant with
engaging in "anticompetitive and
exclusionary practices" designed to
protect its operating-system
monopoly and extend that
monopoly to the market for
Internet-browser software.
Microsoft shares fell 3 3/8 to 86
1/16. The Nasdaq Composite
Index, heavily weighted with
technology issues, dropped 15.15
to 1831.62.
"Worries about the impact of
this Microsoft suit and the effects of
Southeast Asia's troubles on
earnings was behind much of the
selling," said Kevin Bannon, chief
investment officer at the Bank of
New York.
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