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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: djane who wrote (28089)	2/13/1999 8:13:00 PM
From: Mang Cheng	Read Replies (1) of 45548

The US economy seems to be doing real good, anybody has some thoughts on how this will affect the stock market ? The following is from Bloomberg : "U.S. Budget Surplus to Rise to Record $107 Bln in '99, CBO Says" "The U.S. federal budget surplus will rise to $107 billion this year and total $800 billion over the next five years, according to new estimates released by the Congressional Budget Office tomorrow. The nonpartisan budget agency raised its estimate of the surplus from $80 billion in the fiscal year ending Sept. 30, and boosted its five-year surplus estimate to $800 billion from $520 billion, CBO Director June O'Neill told Congress. The CBO's new estimate reflects the strength of the U.S. economy, and as a result of strong growth and low unemployment, rising tax revenue. CBO is projecting that federal tax receipts will rise to $1.815 trillion this fiscal year, up from an earlier projection of $1.801 trillion." Mang

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