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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (33757)	1/13/2000 5:21:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

More good news for equipment stocks: Alert: Intel Says Inventories Ended 4TH Qtr at an All-time Low (NasdaqNM:INTC)

To: Duker who wrote (33757)	1/13/2000 8:48:00 PM
From: Proud_Infidel	Respond to of 70976

Thursday January 13, 8:25 pm Eastern Time Tokyo Shares Rise TOKYO (AP) -- Stocks in Tokyo rose early Friday after a robust earnings report from Intel (NasdaqNM:INTC - news) after U.S. markets had closed helped support tech stocks. The dollar rose against the yen. The benchmark 225-issue Nikkei Stock Average rose 150.14 points, or 0.80 percent, to 18,983.43 in the first 30 minutes of trading. On Thursday, the average closed up 155.87 points, or 0.83 percent. The U.S. dollar was trading at 106.28 yen on the Tokyo foreign exchange market, up from 105.66 yen late Thursday and above its late New York level of 106.13. In stock trading, U.S. computer chip maker Intel said fourth quarter earnings rose 17 percent from the same period last year to $2.4 billion, easily beating Wall Street analysts' expectations. That helped send Sony and other Japanese technology stocks higher in morning Tokyo trading. ``I think it will be a fairly positive day,' said Robert Sasaki, head of quantitative strategy group at Jardine Fleming Securities. ``I think Intel will kick up more focus on high-tech issues, or the so-called 'new Japan' stocks.' On Wall Street, the Dow Jones industrial average rose 31.33 points to a record 11,582.43 after a report of relatively modest inflation calmed jittery stock investors. The technology-laden Nasdaq composite index broke out of a two-day slump to finish up 107.19 at 3957.21. The broader Tokyo Stock Price Index of all issues listed on the first section rose 17.99 points, or 1.1 percent, to 1,675.96. On Thursday, the TOPIX rose 1.05 points, or 0.06 percent. In currency trading, the dollar rose after U.S. sales and price data showed that the U.S. economy is growing at a steady pace with no danger of a sharp rise in inflation, traders said. That eased concerns -- at least for now -- that the Federal Reserve will raise interest rates to slow the economy at its meeting next month. In other currencies, the euro was traded at 108.90 yen, up from 108.84 yen late Thursday in Tokyo. The benchmark 10-year Japanese government bond was unquoted Friday morning. On Thursday, the bond's yield rose to 1.8000 percent from 1.7950 on Wednesday. Its price fell 0.04 point to 100.84.

To: Duker who wrote (33757)	1/13/2000 9:20:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

01/13 20:26 GREENSPAN-FED WILL SUPPORT RISE IN MARKET INTEREST RATES TO DEFUSE US IMBALANCES WASHINGTON, Jan 13 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday the U.S. central bank is intent on defusing mounting imbalances in the booming economy and will support higher borrowing costs to prevent it from overheating. Sending a clear signal that a rise in short-term official U.S. interest rates is imminent, Greenspan told the Economics Club of New York that the Fed did not have the luxury to wait until the forces shaping the fast-changing U.S. economy come into clearer focus.