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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.65

+1.5%

Dec 2 3:59 PM EST

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To: marginmike who wrote (16051)	10/6/1998 1:46:00 PM
From: Sawtooth	Read Replies (2) of 152472

All: a pulse check. Tuesday October 6, 1:27 pm Eastern Time Japan faces major challenge on economy-Yellen WASHINGTON, Oct 6 (Reuters) - White House economic adviser Janet Yellen said on Tuesday Japan's economy had deteriorated despite some steps taken by Tokyo to boost demand and warned that Japan's recovery was essential for the rest of Asia. ''The administration believes that Japan has a very major challenge on its hands in attempting to stimulate its economy and very strong fiscal measures are really called for,'' Yellen told the National Association of Business Economists. ''Japan has taken some steps, but unfortunately the situation in Japan has deteriorated,'' she added. Yellen said that recovery in Japan, the world's second-largest economy, was ''absolutely essential, the 'sine qua non''' for restoring stability elsewhere in the crisis-hit Asian region. ---

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