Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 88.13

+1.0%

Nov 21 9:30 AM EST

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To: DAY TRADER who wrote (6027)	8/4/1998 3:18:00 PM
From: Estephen	Read Replies (1) of 93625

From today's WSJ "worries about Asia's financial woes and its impact on earnings at U.S. multinationals had been assuaged earlier Tuesday by news that the Japanese government unveiled plans for permanent tax cuts to stimulate the country's troubled economy. Analysts have been critical of the government's seeming reluctance to address the country's financial woes, which many believe is key in helping to stabilize the region's troubled economies. But the overall economic outlook for the region remained unchanged, analysts said, and with no major earnings or economic news to carry the market higher the early rally on Wall Street faltered. "The key thing hanging on the market is Japan and right now the feeling is the government's proposals are all talk and no action," said Jeffrey M. Applegate, chief investment strategist at Lehman Brothers. Until Japan launches concrete measures to kick-start its economy, the dollar will continue to rise against the yen, he said, which in turn will depress corporate earnings.

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