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To: Dealer who wrote (28490)8/11/2000 1:35:25 AM
From: Sully-  Respond to of 35685
 
Hi dealie,

The wife is visiting a friend for a few days, so I get to play a little more. I feel bad bringing potentially bad news to folks I care about. I know a lot of porch folk have investments in RMBS. I hope this is not something too serious. Seems that a lot of leading edge tech companies are getting unfairly thrashed if they have patents on top shelf tech.

Something stinks about that.

Get a good night's rest dealer. Good luck RMBS longs.

Tim



To: Dealer who wrote (28490)8/11/2000 8:43:18 AM
From: Dealer  Respond to of 35685
 
MARKET SNAPSHOT

Shares look to head north
Retail sales, PPI due out

By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:48 AM ET Aug 11, 2000 NewsWatch
Latest headlines

NEW YORK (CBS.MW) - Stocks appear poised to climb at the open Friday ahead of a batch of economic numbers that market participants hope will reinforce the view that the Federal Reserve will remain on hold at the upcoming policy-setting meeting.

September S&P 500 futures rose 3.30 points, or 0.2 percent, and were trading roughly 9.000 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, added 3.00 points, or 0.1 percent.

In shares trading before the opening bell, Dell Computer (DELL: news, msgs) lost 1 5/16 to 40 7/16 in Instinet. See Indications. Dell posted second-quarter results after the close Thursday, making 22 cents compared to the First Call estimate of 21 cents a share and 19 cents in the year-ago quarter. See full story.

The dollar showed little reaction to the Bank of Japan's decision to nudge up rates for the first time in 10 years. The target for short-term rates now stands at 25 basis points from practically zero - where it has hovered since Feb. 1999.

In recent trading, dollar/yen added 0.1 percent to 108.66 while euro/dollar added 0.6 percent to 0.9130. See latest currency rates.

Julie Rannazzisi is markets editor for CBS.MarketWatch.com.