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

To: IQBAL LATIF who wrote (29633)	11/8/1999 6:56:00 PM
From: Tim O.	Read Replies (1) \| Respond to of 50167

Ike, on msft, do you think that today was the extent of the MSFT fallout? I would think that we would drop down again at some point. (personally, i wrote some covered calls today since i think msft will be range bound for now.) I agree with your poinr that MSFT should see some PE contraction since their earnings growth is slowing down. thanks, tim

To: IQBAL LATIF who wrote (29633)	11/8/1999 10:07:00 PM
From: JD	Respond to of 50167

Foreigners begin moving cash to U.S. as hedge against Y2K washtimes.com Highlights: ....."Tentative evidence suggests that foreign investors are starting to funnel money into American banks and securities out of fear their counterparts overseas are not as well prepared as the United States." ....."Only one in 10 citizens of Poland, for example, believes his money is safe in Polish banks...Other developing countries in Eastern Europe, Latin America and Asia -- and even some major industrialized nations -- are plagued with similar uncertainties." ....."The result could be an unexpected windfall for Americans, analysts say, if shaky investors pull out of other countries and pour money into the United States for safekeeping." ....."The primary beneficiary of any worldwide panic is likely to be the U.S. Treasury Department and its bonds..." ....."Money flows into the developing world dropped to a trickle last year in the wake of the Asian financial crisis and have stayed at depressed levels this year partly out of concern that the emerging economies have not prepared for the millennium bug, according to an International Monetary Fund report on capital flows last month." ....."...noting that one of America's largest banks has been a prime beneficiary of Japan's woes. "People are lining up at Citibank trying to deposit money and buy investment products," he said." ....."What is likely in countries with numerous Y2K failures is a growing slowdown in commerce" This article suggests to me strong fundamental support for the US market (High growth techs & BKX sector) from: - lowering of US interest rates (from capital inflows) - lowering of international rates (from the recessionary pressures resulting from Y2K related business slowdowns). One danger area I see is US co's that depend upon a flow of supplies from these Y2K sensitive areas. And these US co's are increasing their inventory levels because of this concern, which seems to me like it will lead to a "double whammy" for these overseas, Y2K risk exposed manufacturers. First, some of these co's will experience problems with raw material suppliers, distribution, ect....Second, because of their customers inventory loading in Qtr. 4, '99 business will be slower than normal for the first Qtr. of the millennium. There could be opportunity to pick up some good overseas co's around April, with prices beaten down by a confluence of one time events. We just need to find the good co's whose stock price has suffered because of their countries / regions infrastructure and financial system problems. Until then, we are all going to enjoy the ride on "Uncle Ike's US tech co's powerhouse long-term portfolio". Jerry

To: IQBAL LATIF who wrote (29633)	11/9/1999 1:53:00 AM
From: ynot	Respond to of 50167

interesting read from intel trader thread both short and long perspective Message 11841574 regards, ynot :)

To: IQBAL LATIF who wrote (29633)	11/9/1999 6:03:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I hope it will not be politicians who are going to decide future of technology... <<In pursuing the appeals strategy, Microsoft wants to delay the case and play out the clock in hopes of getting a better deal with a new president and new attorney general after President Clinton and Attorney General Janet Reno leave office in January 2001, analysts said. Texas Gov. George W. Bush, the GOP presidential frontrunner, for example, is a close friend of Microsoft Chief Operating Officer Bob Herbold and said at a conference of high-tech executives in Arizona last month his administration would "always take the side of innovation over litigation." Microsoft clearly would be looking for similar actions from a Bush adminstration that businesses got from the Reagan administration in 1981. Reagan's antitrust enforcer William Baxter brought a more pro-business tilt to his policies and dropped the decades-long case against IBM. The only major case that did go forward under Baxter was the breakup of AT&T. Neukom hinted that a play-out-the-clock strategy was in the works when he told reporters that if the case went to the Supreme Court, it would be 2003 at the earliest before it was resolved. Microsoft, which gave $1.3 million in donations to Congressional campaigns in the last election cycle, is also lobbying GOP members of Congress to cut the budget of the Justice Department's antitrust division, which sued the company and it is spending millions funding grassroots lobbying efforts in 19 individual states whose attorneys general also joined in the historic lawsuit. Legal experts say it will be difficult to reverse Jackson's findings of fact in higher courts and Microsoft will open itself to hundreds of lawsuits from high-tech companies unless it settles quickly with the government. But Microsoft's lawyers are expected to base their appeal on their belief that Judge Jackson was biased against Microsoft from the very outset and ignored large areas of evidence presented by company attorneys at the trial. The appeals court, dominated by Republican pro-business appointees, "is likely to be a friendlier place," for Microsoft, said William Kovacic, an anti-trust expert at George Washington University, because it has already overturned a key ruling from Jackson ordering Microsoft to separate its Internet Explorer web browsing software from Windows95. Many state attorneys general said they will continue to pursue strong sanctions against Microsoft, regardless of what happens in Washington. "If they abandon the case, then it's pretty clear what would happen - the 19 states would continue it ... If somehow a new administration wants to settle or dismiss the case, the states are not going to settle it, except on terms that they accept," said Iowa Attorney General Tom Miller. Added Connecticut Attorney General Richard Blumenthal: "Very emphatically and unequivocably, we will stay in this lawsuit as long as it takes to reach remedies that correct Microsoft's predatory business practices." >>

To: IQBAL LATIF who wrote (29633)	11/10/1999 4:04:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Important news for NOK MOT..ERICSSON.. Mr Zhou's comment tallies with an estimate in the official Beijing Daily newspaper which said that China's government had allocated Rmb1.4bn ($167m) in state funds for the development of mobile phone handsets this year. More would be available from now on, it added. Mr Zhou's remark follows a government announcement that China planned to impose production quotas on foreign mobile phone manufacturers, including Motorola of the US, Ericsson of Sweden and Nokia of Finland, which control around 85 per cent of China's market. The quotas will be allocated to foreign and local manufacturers after negotiation. Each company will then be entitled to as many government-issued seals of approval as their quota allows and each mobile phone sold will have to bear an official seal. The approval last month of nine local companies to sell mobile phones has raised concerns that Beijing may try to create space for them by imposing quotas that cramp the expansion of foreign companies. The number of mobile phone subscribers in China climbed by 12.3m to 37.6m in the first nine months of this year, Mr Zhou said. China is the second most important telecoms equipment market after the US for Nokia and Ericsson. Nokia's sales in China last year were $1.9bn, or 13.2 per cent of total sales, up 66 per cent from 1997.