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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (2110)	6/28/1999 5:23:00 PM
From: Lee	Read Replies (1) \| Respond to of 6531

Hello Raymond,..OT The first one came on Sept.29th based on the general market angst and the resulting immobility after Russia de-valued. (Don't know the exact date of the de-val). The second cut came on Oct. 15th and the last 25bp not until Nov. 17th, 1998. During that time, the spread between the corporates and treasuries continued to widen. Even the second ease didn't correct the widening spread. If I remember correctly, (may not) but bond trading all but evaporated in Nov. and that's when the fed finally eased again. The poor earnings growth last year worsened the spread problem as well as tons of 'safe haven' treasury buying.<g> IMHO only If you have any more questions, I'll answer as best I can with links to back up but we should discuss it further on the India Coffee House thread. (I already asked if o.k.) Regards, Lee