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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (8669)	9/14/1999 4:28:00 PM
From: flatsville	Read Replies (2) \| Respond to of 9818

k-- You wrote: >>>RE the question I asked you about foreign brokerages last week, do you know of any reason that particular piece of bad news is dangerous to ADRs? I really can't think of any direct affect...<<< I didn't see a question here: Message 11226011 But in regards to do you know of any reason that particular piece* of bad news is dangerous to ADRs?* consider this: Should the Securities Industry Association and the International Operations decide to name those laggard and nonreporting foreign brokerages and stock exchanges at some point (unlikely) or should those laggards/nonreporters become the object or rumor or innuendo in the financial press (likely) investor confidence in those exchanges could wane thus affecting ADRs. As we both know ADRs are traded in U.S. dollars and the shares on deposit in the U.S. are only part of the outstanding share total. Trouble on a foreign exchange, real or imagined, could affect your ADR share price.