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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (60615)	10/14/2000 3:55:03 PM
From: LTK007	Respond to of 99985

Hijacked Saudi Plane Lands in Baghdad By Hassan Hafidh Oct 14 2:09pm ET BAGHDAD (Reuters) - A hijacked Saudi Arabian plane, believed to be carrying 95 mostly British passengers and at least 16 crew, landed in the Iraqi capital Baghdad on Saturday, witnesses said. A Reuters reporter said Saudi Arabian Airlines Flight 115, which was commandeered en route from Jeddah to London, landed at the Saddam International Airport at about 12:45 p.m. EST. There was intense activity at the airport, where there are usually few flights because of U.N. sanctions on Iraq. Reporters outside the gate saw several empty buses and a large number of cars entering the well-guarded airport. A Saudi official said a member of the kingdom's royal family was among the passengers on board the Boeing 777-220. Prince Fahd bin Abdullah al-Saud, assistant minister of defense and aviation, and responsible for Saudi civil aviation, said the plane appeared to have been commandeered by a lone hijacker. He told Reuters that up to 80 percent of the passengers were Britons. The rest were Saudis, Yemenis and Pakistanis. He did not give figures. He said it was also carrying 16 crew, although the official Saudi Press Agency (SPA) said there were 17 crew members aboard. AIRLINE SETS UP OPERATIONS ROOM SPA said the flight, from the Red Sea port city of Jeddah to London, had been commandeered at 11:30 a.m. EST. It said the airline had set up an operations room to track the hijacking and was ``coordinating with relevant authorities to ensure the safety of the passengers.'' The plane landed at Baghdad despite earlier being given permission by Syria to land at Damascus. Cypriot aviation officials said the airliner flew straight through Syrian airspace toward Baghdad. The control tower at Cyprus's Larnaca airport had earlier received a message from the pilot of the aircraft, who said the hijacker had explosives and was threatening to blow the plane up. The hijacking comes with tension in the Middle East at fever pitch following more than two weeks of clashes between Israelis and Palestinians, in which at least 99 people, almost all Arabs have been killed. The United States has blamed terrorists for a suicide bomb attack on a U.S. warship in Saudi Arabia's neighbor Yemen on Thursday, which killed 17 U.S. sailors. Britain said a bomb was tossed into its embassy in Yemen a day later. Saudi Arabia, the world's largest oil exporter, is a close regional ally of the United States in the Middle East, but Crown Prince Abdallah has warned President Clinton and other world leaders of ``decisive measures'' if Israeli attacks on Palestinians did not stop, a local paper reported on Saturday. The United States is trying to determine whether any Americans were on board the hijacked plane, a White House spokesman said on Saturday. Spokesman Jake Siewert said Clinton had been briefed. Few flights land at Iraq's Saddam International Airport. Iraq is under U.N. sanctions for its 1990 invasion of Kuwait, from which it was driven by alliance including U.S., British and Saudi forces.

To: Techplayer who wrote (60615)	10/14/2000 9:19:00 PM
From: Galirayo	Read Replies (2) \| Respond to of 99985

The May Rally was led by the SOX .. It started on the 10th. It took 14 days for the Advanced Tech to join the Semi fray. They followed on the 24th. We have seen the Sox attempt several times in the last 2 weeks to rally and Fri we saw the Sox and Advanced Tech participate together. Last time it happened on a Bottom was May 24th. Maybe it was opportune for Abby to interject her forecast or maybe she's just plain good at what she does. But she is one of the Very few analysts that I pay attention to. As far as I'm concerned .. she hit the nail on the head again. Her timing was impeccable. She said basically the same thing last week ?? No? Maybe she was waiting for CSCO to Bottom on support and lead the advanced tech sector. Or it could just be the fact that CSCO and the NAZ hit Support in Conjunction. Book to Bill is as good as it gets ... Can't meet demand. I don't think that will change. IBM says new Fab in Fishkill NY .. Billions invested for the new Fab. GLW is backed up too .. so that bodes well for fiber plays. Networkers .. well you know. Build a Board or chip set with out chips. We are in the Electronics Age ,,, not the Gold Age. Growth will be in Electronics ... not retail. DRAM "could definately" run Short when the Retailers place the Christmas orders and are filled. [ MU & AMD ] may be good way to play this if it bears up to close scrutiny. I also thought AMD was eating Market share of INTC. Can't tell by the stock price but the conference call sure said it that way in so many words. I'll buy more AMD processors .. 4 sure. Proof was in the pudding. I have more trouble with my Emachine with a Celeron. I think E Machines did too. I feel we would have had a Rally on Thurs had there not been problem in the ME. It' was set and primed for it. Dot Coms ... Who knows .. if the General market rallys .. and we get the Down Trendline broken on the NAZ .. Dot Coms are due for a bounce. If the rally fails .. Dot Coms will be hard pressed to do anything except follow the general market. Now if we could resolve the ME pressures .. I'd be camping happily. The ME is the Wild card .. and I understand there are major investments in the industrial areas of Israel. It's a Hot Box of confusion at the moment. Good news is Talks are on. Let's hope for the best from that area. I've placed by bets in Chips and Advanced Techs for now. Ray