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To: Tony Wang who wrote (48839)	10/1/1999 9:17:00 AM
From: DJBEINO	Respond to of 53903

Hitachi to resume operations near nuclear site TOKYO, Oct 1 (Reuters) - Hitachi Ltd said on Friday it would resume normal operations later in the day at 12 locations in Ibaraki prefecture closed after the nuclear accident in the area. A spokesman for Hitachi said semiconductor facilities, including a major system LSI (large scale integration) plant, in the affected area were among those that would resume operations from Friday evening. The decision followed local authorities' lifting of a warning to residents within a radius of 10 km (6 miles) of the uranium processing plant where Thursday's accident took place to stay inside buildings. Market analysts wondered if the incident would have an impact on Hitachi, which was making the Hitachi-Naka plant, where operations had been temporarily halted, its major system LSI production site. It had shifted most of its dynamic random-access memory (DRAM) production to its Singapore plant. Hitachi, after suffering a severe earnings downturn amid a DRAM slump, is fast shifting its business emphasis to system LSI chips. biz.yahoo.com

To: Tony Wang who wrote (48839)	10/1/1999 9:25:00 AM
From: DJBEINO	Respond to of 53903

Gruntal & Co. reiterates n-t, l-t outperformer ratings; believes impact of Taiwan earthquake eventually will prove to be limited cbs.marketwatch.com

To: Tony Wang who wrote (48839)	10/1/1999 9:28:00 AM
From: John Graybill	Respond to of 53903

Merrill hasn't been on Appleton's midnight-call list for a while, so this effort is pretty transparent. ----------- Wow, I can barely re-draw trendlines wide enough to make a new guess for any dead-cat bounce we see. My trendline is way busted, the 20-SMA is way busted, etc. I was thinking 75 would be a good bounce, but that's looking as distant today as 87 did a couple of days ago. I have to draw a line from 6/29 to the 8/17 low of 55 to get something reasonably close to where we are (were), and that value is maybe 71 for the next couple of days. Maybe that's what Merrill is begging for -- the peak of 69 3/4 in early August, the little bit of consolidation around 70 at the end of August, and this new trendline value of 71.

To: Tony Wang who wrote (48839)	10/1/1999 2:46:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

Mission accomplished, huh. :-) A caution to buyers: it looks to me like They are getting wise to people setting their buy prices just below the roundish numbers (1/2's, even numbers, etc.) and are now loitering just below them to pick off buy stops before tanking it. We were stagnant at 70 3/8 - 70 1/2 just before collapsing, and they spent way too much time below 69 for it to be a bunch of big money saving the day. MU's time below 69 corresponds to everybody else's (DJII, RUT, et al), but everybody else had a spikey V-bottom and a lot of buying out of the lows. The MU specialists didn't see the same enthusiasm from the masses three minutes after the low. Gonna short and cover before the close.