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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28968)	9/24/1999 2:21:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

From e-letter today...<<Memo to Steve Ballmer, president of Microsoft: Please don't talk about the stock market. Ever. Because what had been a mixed day turned into an absolute rout Thursday after Ballmer was quoted saying the valuations of tech stocks--including Microsoft--are "absurd." Once that story hit the wires, it was all downhill. The tech-dominated NASDAQ took the biggest hit, falling 108.33, to 2749.83, or 3.8%. The Dow plunged 205.48, to 10,318.59, while the S&P 500 sank 30.10, to 1280.41. Here's what we've been following: TECH TUMBLE (Part 1).... Given the NASDAQ's huge run-up lately, it's not that surprising that many of the biggest names came down so much. Still, it was pretty ugly: Ballmer's own Microsoft was down 4 7/8, to $91 3/16, while Intel fell 5 5/16, to $77 1/2, and Cisco dropped 2 7/8, to $69 3/8. Internets didn't do much better, with Yahoo falling 5 3/4, to $173 3/4, and AOL off 3 1/2, to $87 1/2. Personally, I think anytime you've got high-quality names like Cisco, Intel, or MSFT under pressure, it's a buying opportunity. Especially Cisco. PMC SIERRA TAKES A DIVE.... Did you see what happened to shares of PMC Sierra? They got slammed on fears that damage to semi foundries in Taiwan would hurt upcoming profits. It all sounds pretty speculative to me, but shares of PMC Sierra sank 11 3/16, to $88 5/8. PMC Sierra makes specialized chips for companies like Cisco and not surprisingly, demand is red hot. I bet PMC comes back pretty fast. DOW 10,000 REDUX.... Although I tend to be bullish in the long term, I wouldn't be surprised if the Dow dips below 10,000 in the next few weeks. This time of the year is often tough for stocks (just look at 1997 and 1998), and the upcoming Fed meeting is only going to exacerbate interest rate jitters. If the market does break the 10,000 barrier, expect it to generate big, bearish headlines. For long-term types, however, I don't think it means much.>> www.fortune.com

To: IQBAL LATIF who wrote (28968)	9/24/1999 2:26:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Ericsson Intros World"s Smallest Cellphone STOCKHOLM, SWEDEN, 1999 SEP 22 (Newsbytes) -- By Sylvia Dennis, Newsbytes. Ericsson has taken the wraps off the world"s smallest cellphone, the T28 World, which supports GSM (global system for mobile communications) 900 and GSM 1900 (PCS - personal communications services) frequencies. The phone, which was launched at the PCS "99 show in New Orleans this morning, can be used on PCS networks in North America, as well as on approaching 200 networks elsewhere in the world that support the GSM 900 system. The small handset has a palmprint of 2.5- by 1.3-inches and is just 0.4-inches thick. As well as being diminutive in size, the phone weighs in at just 83 grams (i.e., under three ounces). Despite its size, the T28 World has a full graphic display and an active flip with a release button on the side of the phone. To answer a call, users press the release button and the flip mouthpiece opens up. To end a call, the flip is pushed back and the call stops. Other options on the handset include a vibrating (quiet) alert, as well as an automatic time zone update facility. This allows the phone to update itself based on network time, as the user moves between time zones and/or countries. Jan Ahrenbring, Ericsson"s vice president of marketing, said that the unit can be used in more than 120 countries around the world. For the technically minded, the T28 World supports GSM Phase 2+, the latest implementation of the GSM standard, allowing advanced interaction between the handset and the network to take place. This interaction is why the phone is a three-volt chassis, making for extended battery life, thanks to the ability of the network to control the power output of the handset. Where available, the phone supports two-line working, and an interesting power gauging function. Ericsson says that this information is presented in minutes for both talk time and standby time - thereby ensuring that users remain aware of how much power is available to them. Ericsson says that, with the battery provided, minimum talk time is one hour and 33 minutes, maximum talk time 3 hours and 35 minutes. Minimum standby time is 32 hours, while the maximum is 50 hours. With additional batteries, maximum talk time is 10 hours and 27 minutes and maximum standby time is 150 hours. The firm isn"t saying how much the handset will cost, as this depends on how much contract subsidy the network offers. Newsbytes" sources, however, suggest that with-contract pricing will be around the $350 mark.