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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (5402)	9/16/2002 8:04:54 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95397

Keith that is big news. Lets hope that Sadam does not change his mind again. Iraq Weapons Inspections Timeline: www2.marketwatch.com; We could get a rally out of this! From Briefing.com: 19:37 ET After Hours Indications S&P and Nasdaq futures have continued to advance on the Iraq news; now 18 pts and 20 pts above fair value, respectively. 18:59 ET After Hours Indications The futures rallied sharply after the news that Iraq had agreed to allow UN weapons inspectors to return without preconditions; S&P futures are 13.5 points above fair value and the Nasdaq futures are 10 pts above fair value. However, CNN is already reporting that the White House is "dismissive" of Iraq's statement as it does not address many other issues. This is a good news/bad news cycle that played out often in the run-up to the Gulf War, so we would once again note that it's premature to assume that the threat of war with Iraq is anywhere near an end. 6:37PM Annan confirms weapons inspectors allowed to return : UN Secretary General Kofi Annan confirms that Iraq has told the UN that it will allow the return of UN weapons inspectors without preconditions. 6:34PM Networks reporting that Iraq accepts UN weapons inspections : CNN and MSNBC reporting that Iraq will accept UN weapons inspectors, perhaps without preconditions, though details are still sketchy. Also, we would note that in the run-up to the Gulf War, Iraq sent many encouraging signals that were later withdrawn, so it is premature to assume that this news will avert an eventual attack. RtS