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To: Jenne who wrote (9930)	6/12/1999 12:27:00 PM
From: Millionairess	Read Replies (3) \| Respond to of 19700

jenne, next week should be interesting - from briefing fri.: 15:49 ET ****** The Week Ahead : Interest rate jitters have taken hold of the market. While investors not afraid of a single 25 basis point rate hike, fears of a series of Fed tightenings has put them on their heels. Recent action in fixed income and equity markets showing investors not wanting to take chance of having to "fight the Fed." Given that series of rate reductions provided much of fuel for recent leg of bull move, would only be fair that about-face in Fed policy cause market to regurgitate some of gains. Conditions certainly not helped by beginning of "summer doldrums." Already this week, we have seen some of the lowest volume sesions of the year... Looking ahead to next week, market will be paying close attention to Wednesday's CPI release. Investors will also be waiting to hear Fed Chairman Greenspan's comments on monetary policy and economic outlook when he testifies before Congress Thursday. On the earnings front, Oracle Corp (ORCL) due to release results on Tuesday, while Adobe Systems (ADBE) will report numbers Thursday. Earlier this month, Adobe announced that Q2 results may exceed analysts' expectations. Next week's notable stock splits include USABancShares (USAB), At Home Corp (ATHM) and STMicroelectronics (STM). See Briefing.com's Upcoming Splits page for details... Initial Public Offerings: IPO underwriters have become active market times over the past several weeks. Of the approximately 20 deals that were expected to hit the market this week, only about half were completed. Given market tone, likely that most of deals currently scheduled for next week will be pushed back.