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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (18961)	6/16/1999 9:00:00 AM
From: DMaA	Respond to of 22053

Briefing.com - Happy days are here again. 08:40 ET: The cat's been let out of the bag finally and it proved to be a kitten rather than a tiger as the CPI for May was flat while core-CPI was up just 0.1%... This compares to market forecasts for a 0.2% increase in both total and core-CPI... S&P futures, +5.00 before the release, is now +13.40 after closing more than 4 points above fair value... Accordingly, equities are poised to rally with the Dow expected to gain 140-150 points in early trading... While expectations for a 25 bp rate hike are likely to remain in place given all of the Fed jawboning as of late, this benign inflation reading will squash the possibility of a 50 bp rate hike... 30-yr bond +27/32 at 6.04%.

To: Moonray who wrote (18961)	6/16/1999 9:09:00 AM
From: DMaA	Read Replies (1) \| Respond to of 22053

Gates, Greenspan disagree: Gates Says He Expects Further Gains In Productivity Through Technology By JOHN R. WILKE Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- Microsoft Corp. Chairman Bill Gates told a congressional panel that the burst of productivity growth brought by computers is just beginning. "We will absolutely see productivity increases coming out of the use of technology for many years to come," Mr. Gates said. "We are very much at the beginning of what can be done," he said, predicting that "in the next five years, we will make radical progress in the business sector." Gates Testifies Microsoft's CEO Bill Gates says the software industry's contribution to the U.S. economy will be greater than any other kind of manufacturing by 2000. Mr. Gates spoke to the Joint Economic Committee a day after Federal Reserve Chairman Alan Greenspan told the same panel that "something special has happened to the American economy in recent years" because of computerization. But Mr. Greenspan also warned that technology's effect on productivity "can't increase indefinitely." . . . interactive.wsj.com