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To: Ahda who wrote (46587)	1/3/2000 1:22:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116762

OT(?) Upgrading the Temp Life by Lindsey Arent 3:00 a.m. 3.Jan.2000 PST Something is very, very wrong with Silicon Valley, according to Amy Dean, and it's got nothing to do with Y2K. The Valley's biggest problem, says the head of the South Bay AFL-CIO, is that there is a river of wealth running through the region that fails to trickle down to thousands of thirsty workers. -------------------------------------------------------------------------------- Women in Tech shatter the silicon ceiling -------------------------------------------------------------------------------- "The industry can be doing exceptionally well, and have sales through the roof, and yet that prosperity is not transmitted broadly to the community," Dean said. "We're trying to restore a sense of values to an economy that operates exclusively on the bottom line."(cont) wired.com

To: Ahda who wrote (46587)	1/3/2000 2:01:00 PM
From: Alex	Read Replies (1) \| Respond to of 116762

Morgan Stanley's Wien -Fed to hike rates 100 pts by yr-end NEW YORK, Jan 3 (Reuters) - Morgan Stanley Dean Witter's U.S. investment strategist Byron Wien said Monday that he sees the Federal Reserve beginning a monetary tightening in the spring and hiking rates by more than 100 basis points by year-end to slow the economy. The tightening, combined with high valuations, will spark a stock market slide that will take the Standard & Poor's 500 (^SPX - news) down 25 percent, where it will remain for several months. He said that the powerful advances in the global and U.S. economies and stock markets will create an enormous demand for capital early in the year, and the long U.S. Treasury bond yield will top 7.5 percent, further straining excessive equity valuations. He also sees online users complaining about slow speeds, disappointing service at some tech companies, and delivery bottlenecks from e-tailers triggering buyer resistance in Internet-related stocks. ``There is a graduated carnage in technology. Some Internet content and retailing stocks correct 50 percent, and access providers come down by a third. Personal computer and other hardware companies with current earnings only decline 25 percent,' Wien added. ``The Internet continues to be viewed as the most powerful business phenomenon in our lifetime, but the stocks were discounting a profitability reality that was unlikely to come true.' During the year, Wien sees the price of crude oil moving above $30 a barrel and staying there as growth throughout most of the world beats expectations and supply remains under control. He expects oil service stocks to rally, with Halliburton Co. (NYSE:HAL - news), Schlumberger Ltd. (NYSE:SLB - news) and Smith International Inc. (NYSE:SII - news) seeing gains. This could be the year for hospital management firms after a number of dismal years, Wien said. Conflicts with the government are reversed as legislators view these operations as part of the healthcare solution rather than part of the problem, he forecast, adding that Columbia/HCA Healthcare Corp. (NYSE:COL - news), Tenet HealthCare (NYSE:THC - news) and Health Management Associates Inc. (NYSE:HMA - news) will do especially well. The Russell 2000 will outperform the S&P 500 by rising more at the beginning of the year and declining less later on, he said. As commodity prices continue to move higher, new leadership sectors will appear and intermediate materials stocks will outperform the indexes. Restructuring has proven a good medicine for Europe this year, he said. Wien sees the European economy climbing by 4 percent, with the euro hitting 1.25 against the dollar during the summer. However, he did not see the same rosy outlook in Japan. Restructuring will backfire in Japan and the economy will slip back into recession on high unemployment, low consumer spending, and weak capital outlays, Wien said. (Note: this article is ``in progress'; there will likely be an update soon.) biz.yahoo.com