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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (7653)	8/10/1999 4:33:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

..and after the bell, Cisco beats the estimate by a cent: 16:20 [CSCO] INCLUDING ITEMS, CISCO PROFIT 18 CENTS A SHARE VS. YEAR-AGO 15 CENTS. 16:19 [CSCO] CISCO 21-CENT PROFIT TOPPED YEAR-AGO 16 CENTS. 16:19 [CSCO] CISCO NET SALES $3.55 BLN VS. $2.4 BLN A YEAR BEFORE. 16:17 [CSCO] CISCO SYSTEMS Q4 NET PROFIT 21 CENTS, A PENNY ABOVE FIRST CALL. - Some detail: marketwatch.newsalert.com

To: Wally Mastroly who wrote (7653)	8/10/1999 9:24:00 PM
From: Sam	Read Replies (1) \| Respond to of 15132

Hey, Wally, what is this, a Fed governor trying to use common sense? Whatsamatta, didn't they teach him how to read tea leaves? From the article you linked: <<`I can't second-guess the markets. But strong real growth by itself is not necessarily inflationary, especially if it is supply-side growth fueled by technology, productivity,' McTeer told reporters when asked if he thought that U.S. financial markets, pressured by interest rate jitters in recent sessions, were overreacting. McTeer this year is a voting member of the Federal Open Market Committee (FOMC) that raised the federal funds rate for overnight inter-bank lending by one quarter-point to 5.0 percent when it last met on June 30. The FOMC will convene again on August 24 amid market expectations of another quarter-point funds rate hike largely fueled by rising wage pressures. "If you are worried about inflation, the most important statistics to look at are the statistics on inflation... ``Since our last meeting, you may have noticed that the CPI increased zero (percent) and zero (percent),' McTeer said, referring to the CPI that was reported unchanged in both May and June after a worrisome spike in April. ``It's not likely that can continue, but we have already seen that strong growth does not necessarily lead to higher inflation,' McTeer also told reporters after addressing an economic forum in Dallas.>>