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To: Boplicity who wrote (3364)8/6/2000 4:27:25 AM
From: allen menglin chen  Respond to of 13572
 
Here is the 1999 SI hot people list...where I found the goldmine 1 yr ago. I can't find the early 2000 update yet. But new list is quite similar to 1999. Could u PM me top 10 must peoplemark people u like?
Subject 29471



To: Boplicity who wrote (3364)8/6/2000 4:28:39 AM
From: allen menglin chen  Read Replies (1) | Respond to of 13572
 
Fears of new hi-tech crash feared

Dive in US mutual funds could spark world slump ?Investors exit after a disastrous July

Paul Farrelly, city editor
Sunday August 6, 2000

Fears are growing in top financial circles of a further slump in hi-tech shares, which may prompt a global stock market crash.
Concern focuses on the huge US mutual funds sector, where investors appear finally to have lost patience with 'growth funds' after a disastrous performance in July.

A large-scale exit would, in turn, prompt a massive sell-off of telecoms, media and technology (TMT) stocks, with huge reverberations for world markets.

One large fund at the centre of the worries is the Denver-based Janus Capital Corp, which manages £200 billion in assets. Its two main international funds, Janus Worldwide and Janus Overseas, were worth £33bn earlier this year. Among their biggest investments are £2.1bn of shares in Finnish mobile phone maker Nokia, £1.4bn in Vodafone AirTouch, £360m in Colt Telecom and £540m in Spain's Telefonica.

'There is a growing concern that redemptions will see mutual funds cut their holdings,' said one UK equity strategist. 'They run lots of tech and tech's got whacked.'

Another senior City broker added: 'For Janus read an awful lot of other funds out there. Lot of New York funds have nothing but growth stocks, and the man in the street is finally taking fright.'

The fall-out from the hi-tech retreat claimed another scalp in the UK last week, as computer group ICL scrapped its flotation. Two of the high est-profile internet firms, Boo.com and ClickMango, have already shut up shop, while online music retailer Jungle.com has also postponed its flotation.

Despite market turbulence and prices at a record high, individual US investors have remained bullish, investing a record £130bn in the mutuals, the US equivalent of unit trusts, in the first six months of this year. But in the past week the mood has changed.

Average US equity funds fell 15 per cent in value in the third quarter, the biggest quarterly fall since 1990. This weekend, however, Janus tried to quash rumours of big sell-offs, including Nokia shares, by insisting its funds had not suffered any 'material redemptions' in July.

But brokers fear turbulence stretching into the autumn - traditional crash territory - especially if US interest rates rise. 'Some highly rated hi-tech companies will finally get back to fair value,' said Terry Smith, head of City firm Collins Stewart. 'It's a hell of a long way down from here.'

Markets braced for bellwether Cisco's results

World markets are bracing themselves for the announcement on Tuesday of internet network equipment maker Cisco Systems' fourth-quarter results. Cisco, the second-biggest company on the planet after Microsoft, is seen as a bell wether for new economy stocks.

Mike Ching, Merrill Lynch's influential US internet analyst, said: 'If they disappoint, it's panic time.'

The consensus is that revenues should grow by 11 per cent to $5.25 billion. Earn ings per share are expected to be 15 cents.

Analysts want to see if Cisco anticipates a US slowdown: 'If these guys are cautious it could get messy.'

observer.co.uk



To: Boplicity who wrote (3364)8/7/2000 2:29:47 AM
From: jjkirk  Read Replies (1) | Respond to of 13572
 
Ye ya Greg, We beat the Cubbies Friday nite...Trevor Hoffman shut them down in the 9th...just like Thursday nite when he toyed with and beat Sosa who made the last out of the game. Saturday, Hoffman did not pitch and the Cubs won...Average age of Padres players is about 24...club has sold off most of the high priced talent since the great season of 98..Hoffman will probably go soon.....they've played 49 players this year...close to a record......

But, we had a good time Fri nite.....jj