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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (68899)	10/14/1999 11:35:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

El-- 1st HK and now Japan--- could you please tell Al to put a sock in it? Now we bite the dust for awhile,, AGAIN.. TOKYO, Oct 14, 1999 (AP Online via COMTEX) -- Japanese stocks fell Friday morning on worries over New York share prices after comments by the head of the U.S. central bank. The dollar was lower. Japan's benchmark 225-issue Nikkei Stock Average fell 137.39 points, or 0.77 percent, to 17,642.87 at the end of morning trading. The index closed up 25.77 points, or 0.15 percent Thursday. The dollar traded at 106.86 yen, down 0.41 yen from its level of 107.27 yen late Thursday in Tokyo and also below 107.35 yen late Thursday in New York. In a speech to bankers, U.S. Federal Reserve Chairman Alan Greenspan late Thursday warned that the decline in equity premiums that have kept U.S. stock prices rising in recent years could be temporary. The equity premium is the difference between the returns yielded by stocks and the returns yielded by U.S. Treasury bonds. It effectively reflects the reward investors demand in return for taking on various risks. In the speech, Greenspan waded indirectly into a debate over how long U.S. stock prices can keep rising, although he offered no firm conclusions of his own. Tokyo stocks, often sensitive to developments that could affect market sentiment in the United States, moved lower and also got little support from a government report that slightly upgraded the assessment of Japan's economy.