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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (55339)	11/11/2001 10:05:34 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Stocks May Drop as Rally Fades Sunday, November 11, 2001 foxnews.com NEW YORK — Stocks may drop this week or tread water as a seven-week rally sparked by hopes for an economic recovery loses steam. The rally was driven by optimism that the federal reserve's big interest rate cuts this year will eventually kick in and produce an economic turn-around. "I would not at all be surprised to see some backing and filling because we have had a good rally," said Robert Baur, head of trading at Invista Capital Management which oversees about $24 billion. Some consolidation "would not be unlikely." The third-quarter earnings season — the most dismal in a decade with a 20 percent decline in profits — is drawing to an end. Still, this week's earnings reports will be from heavyweight retailers Wal-Mart Stores and Home Depot, and marquee tech names like computer chip equipment maker Applied Materials and computer builders Dell Computer and Hewlett-Packard. "The focus of the market place is continuing to be what the outlook for the economy, sales and earnings might be six to 12 month down the road," said Michael Strauss, managing director and senior economist at Commonfund, which manages about $26 billion. "Clearly the aggressive easing by the Federal Reserve and the fiscal stimulus that we have gotten did help the stock market in the last six weeks."

To: Sam Citron who wrote (55339)	11/11/2001 10:48:05 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

INTERVIEW-AT&T says Asian network sales to grow 20 pct in 2001 Reuters, 11.11.01, 9:02 PM ET forbes.com By Jennifer Tan SINGAPORE, Nov 12 (Reuters) - U.S. telecommunications provider AT&T Corp (nyse: T - news - people) said its Asia Pacific networking business unit expects to post over 20 percent revenue growth in 2001, down from a 35 percent average rise in 2000. "That's still pretty positive in this climate, and we expect something similar for 2002," Choo Hock Lye, AT&T's regional general manager told Reuters in an interview. Choo said Asia Pacific sales for AT&T Business, the networking arm of the long-distance telephone and cable-television giant, would be driven by its recent push into low-end services.