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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: taxman who wrote (40046)3/28/2000 10:03:00 AM
From: puborectalis  Respond to of 74651
 
Alert: No Decision Will be Handed Down Tuesday in Microsoft Case--u.S. District Court
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To: taxman who wrote (40046)3/28/2000 4:15:00 PM
From: Frank Ellis Morris  Read Replies (3) | Respond to of 74651
 
I would be cautious about under weighing the impact of the DOJ on microsoft. It has been a thorn in its side for quite some time. I think it is most disturbing that we are suffering immense serious harm at the fuel pumps by the oil cartel while the DOJ turns its back on that issue and is preoccupied with sticking it to Microsoft. Why doesnt' the DOJ advocate that the United States and Great Britain unite to control the Oil Cartel or to oversee its distribution?. We cannot permit the economy and engine of the world to be at threat at the hands of a few.

<<Tuesday March 28, 2:58 pm Eastern Time

Nasdaq unable to shake Abby
Joseph Cohen remarks

By Elizabeth Smith

NEW YORK, March 28 (Reuters) - The Nasdaq
stock market continued to lose ground at midday
on Tuesday as investors lightened their holdings in
technology stocks after Goldman Sachs market
guru Abby Joseph Cohen said she cut back on stocks
in her portfolio.

The technology-laden Nasdaq composite index
(^IXIC - news) dropped 72.51 points, or 1.46
percent, to 4,886.05 while the Nasdaq 100 index of tops stocks (^NDX - news) was
off 59.1 points, or 1.26 percent, at 4,645.63.

``I think a lot of it was Ms. Cohen's comments earlier today,' said Doug Myers at
Wachovia Securities in Atlanta. ``It is just giving people a reason to lighten up on
their positions.'

Old-line stocks were also feeling the pinch. The Dow Jones industrial average
(^DJI - news) was down 15.82 points, or 0.14 percent, at 11,010.03. The broader
Standard & Poor's 500 Index (^SPX - news) was down 8.95 points, or 0.59 percent,
at 1,514.91.

Cohen jolted the U.S. stock market Tuesday morning when she said recent gains in stock prices compelled her to trim to 65 percent from 70 percent the equity portion of the firm's balanced portfolio<<

It was a disappointment to see so much strength in the premarket S+P futures and the Nasdaq Futures vanish by comments from Abbey Cohen. I was most surprised by her address.

Frank