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Technology Stocks : Apple Inc.

AAPL 275.30

+2.2%

Nov 11 3:59 PM EST

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To: Richard Habib who wrote (17375)	8/28/1998 11:34:00 AM
From: Phillip C. Lee	Read Replies (1) of 213173

Rich, all phenomena you described are not praticular news, Russia's latest one but not very special event. They changed their economic structures from central-control to free market, which needs some tolerance and risk from market auto-adjustment. They have been suffering economic instability for a while. They need to go thru this growing pain to achieve free market level hence I wouldn't take it serious. You have mentioned here the conditions in other countries several months ago and there have been that way for about a year. There has been in recession here in US. Every country needs to adjust its own policies to improve economic conditions. Does things get worse? No, I don't think they are. I just treat it as an economic cycle in each individual country, some are in the upturn, others may be in the downturn. This is not a zero-sum game, but money allocation is and benefits to US bond as well as stock market. Phil

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