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Technology Stocks : Alliance Semiconductor

ALSC 0.810

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Jul 10 5:00 PM EST

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To: charles j. aaron who wrote (3904)	9/7/1998 7:54:00 PM
From: DJBEINO	Read Replies (1) of 9582

Dollar = 130.64 yen, DRAM going much higher. The United States dollar sank to its lowest level in four months yesterday as investors were reported to be "panicking" in the wake of an apparent signal by the US Federal Reserve chairman Alan Greenspan that he might relax interest rates. The yen rapidly strengthened as dealers reported huge moves by highly leveraged hedge funds out of short yen and long dollar positions, propelling the yen to 130.64 yen, up sharply from its close in New York on Friday of 133.51

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