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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: Oeconomicus who wrote (10930)	5/28/1998 6:55:00 PM
From: Bill Harmond	Read Replies (2) of 27307

>>If they have been building inventories too, to keep plants running and people happily employed, in spite of record US trade gaps, that really does not bode well for their economies. In Japan it's intermediate materials. Industrial production keeps slowing faster than plan, so they are caught in a vicious cycle. I read it from Reuters last night, but the link has expired in Yahoo Finance. With China the inventory bulge is in raw materials: A new factor may be China, which appears to have accumulated massive inventories of oil, cotton, grain and possibly rubber. Morgan Stanley, May 18, 1998

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