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To: Voltaire who wrote (5697)2/29/2000 11:13:00 PM
From: stockman_scott  Read Replies (1) | Respond to of 35685
 
V: The old tech stocks keep pushing the markets higher around the world <G>...FYI...

<<Tuesday February 29, 10:07 pm Eastern Time

Nikkei above 20,000 at midday, Nasdaq spurs techs

TOKYO, March 1 (Reuters) - Tokyo's benchmark Nikkei average ended Wednesday's morning session above the closely watched 20,000 mark, led by gains in high-tech issues after an overnight rally in the U.S. Nasdaq Composite Index (^IXIC - news).

The Nikkei average rose 73.40 points or 0.37 percent to 20,032.92 by midday after recapturing 20,000 for the first time since February 9. The morning peak of 20,165.51 was its highest intraday level in 31 months.

March Nikkei futures <0#JNI:> rose 120 points to 20,070.

The Nasdaq rose 2.6 percent to close at a record high of 4,696.69 after logging its busiest session ever.

``The Nikkei should be supported above 20,000 for a while since the market is taking a bright view of the Nasdaq's outlook,' said Masayoshi Okamoto, a trader at Jujiya Securities. ``But I also think further gains could be limited since investors are still being selective.'

Gainers edged out losers 660 to 597 on the first section of the Tokyo Stock Exchange, while 126 issues were unchanged.

Buying focused on Sony Corp and other high-tech electronics makers.

Sony shares rose 650 yen or two percent to 33,150 by midday, extending recent gains ahead of strong expectations for the March 4 launch of its PlayStation2 video game console.

A 100 yen rise in Sony lifts the Nikkei average by about 10 points.

Traders said that, although its American Depositary Receipts surged overnight to around 34,600 in New York, it could take a while longer for Tokyo to catch up.

``There's still some wariness among Japanese dealers about a possible correction in U.S. high-tech shares,' said a trader at another brokerage. ``Also, there are lots of electronics and high-tech shares that are more affordable and undervalued than Sony here.'

Electronics makers Matsushita Electric Industrial Co Ltd and Mitsubishi Electric Corp both firmed in heavy trade.

Traders said the Nikkei would likely close above 20,000 on Wednesday, with solid support from buying by recently launched investment trusts.

But the upside is also expected to be weighed down by selling of cross-held shares ahead of end-March book-closings.

Volume was brisk at 427.18 million shares compared with 313.67 million on Tuesday morning.

Other indices and stocks on the move:

-- The TOPIX index (^TOPX - news) of all first section shares firmed 0.36 percent to 1,725.11. The Nikkei 300 gained 0.58 percent to end the morning at 311.68. The second section index rose 0.55 percent to 3,087.50.

-- Traditional sectors such as mining and textiles were weaker.

-- Sega Enterprises Ltd fell by its daily limit of 500 yen or 13.89 percent to 3,100.

Sega shares have been under heavy downward pressure since the game console maker on Monday lowered its earnings forecast for the year to March 31.

CSK Corp , Sega's leading shareholder, also fell by its limit, down 2,000 yen or 17.48 percent at 9,440.

-- Sogo Co Ltd fell 11 yen or 12.22 percent to 79 after the Asahi Shimbun newspaper said the department store planned to close its flagship store in Osaka. Sogo denied the report.

-- Namco Ltd was ask-only and down by its daily limit of 1,000 yen at 7,260 after Goldman Sachs downgraded shares in the computer game software maker to ``Market Performer' and took it off its recommended list.

-- Supermarket chain Seiyu Ltd rose 12.5 percent to 225, rebounding from heavy losses in the previous session.

Its shares fell on Tuesday after it said it would post an earnings forecast revision. It later announced it would cut its parent current profit forecast for the year to end-February to 6.0 billion yen from a previous forecast of 12.5 billion yen.

-- Mitsubishi Heavy Industries Ltd fell 4.98 percent to 286 by midday.

The heavy machinery manufacturer on Tuesday revised its group net earnings forecast for the year to March 31 to a loss of 142 billion yen from a previous forecast of a 66 billion yen loss.>>



To: Voltaire who wrote (5697)3/1/2000 6:06:00 AM
From: Clappy  Read Replies (1) | Respond to of 35685
 
RE: Beano Family

Love the way you write V-man!

--

Here's a tidbit most of you probably didn't know...

I was thumbing through the New York Times archives, when I came across an interesting headline.
One news story was about JFK during the Cuban Missile Crisis.
Next to it was a column where I discovered that Beaula was a very attractive woman. She also had apparently been a victim of a person who kept following her around every where she went. Finally she was able to get this character arrested.

The Headline for the NY Times read the following:
"Jack and the Beano Stalker"

<Sound of crickets chirping...>
<Clappy Youngman blows into the microphone...>

Hello...Is this thing on?

<He ducks quickly, dodging heads of lettuce.>

<Voltaire, who is beginning to get the hang of the LonWorks Console remote, presses button 86.>

<Suddenly a panel on the side of the house slides open. A large Vaudvillian Hook reaches out across the porch and pulls the simpleton from the stage...>
:^)

HeeHaw!

-HennysViolin



To: Voltaire who wrote (5697)3/2/2000 2:11:00 PM
From: elpolvo  Respond to of 35685
 
GODFATHER GAM BEANO-

thanks for mentioning me in the beano family story. you do the beanos proud. just be sure you don't "squeal" any more information than absolutely necessary about bobo, if you get my drift.

-grandfather el primo del beano