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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (200515)	10/27/2002 8:20:16 PM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 436258

hey dude, as long as it doesn't happen here.... so...anyone see the story on the FBI tonite... 60 minutes. for national security reasons, i myself cannot make a comment on the story. however, anyone without any sense at all may post at will <g>

To: Lucretius who wrote (200515)	10/27/2002 8:26:47 PM
From: Dr. Jeff	Respond to of 436258

<<<look at tokyo going off a cliff>> I guess not everyone got this memo: -g- Tokyo stocks seen up on earnings, Wall Street Sunday October 27, 6:24 pm ET TOKYO, Oct 28 (Reuters) - Tokyo stocks are expected to edge higher on Monday with investors waiting on a barrage of earnings reports from blue chips such as Sony Corp (Tokyo:6758.T - News), and a key economic package from the government due later in the week. A solid showing on Wall Street should also support sentiment. The tech-heavy Nasdaq index (NasdaqSC:^IXIC - News) jumped 2.5 percent on Friday, while the broader market racked up its third straight week of gains. Electronics and entertainment conglomerate Sony and second-ranked auto giant Honda Motor Corp (Tokyo:7267.T - News) are set to unveil first-half earnings after the bell on Monday. "Sony and Honda should unveil strong results, and if they keep their full-year profit targets intact investors can draw some cheer," said Masayoshi Yano, senior manager of investment information at Tokai Tokyo Securities. Market watchers will also have one eye firmly on the policy front. Japanese ruling coalition candidates swept to victory in five of seven by-elections held on Sunday, a strong showing which may give Japanese Prime Minister Junichiro Koizumi added confidence in his battle for reform. Koizumi's government will this week unveil a package focusing on a solution to the nation's debilitating bad-loan problem, but there are signs that harsh action on the banking sector will be watered down amid fierce political opposition. Analysts say the implications for the stock market are murky. "The market would likely smile on a compromise for measures such as additional fiscal spending to ease the pain of a banking cleanup," said Yano. "But if the banking cleanup itself is seen as half-hearted due to opposition from vested interests, then stocks could suffer." The policy package is expected to coincide with a meeting of the Bank of Japan's policy-setting board on Wednesday. Some analysts say the Nikkei average (^N225 - News) could test the 8,000 mark in coming weeks if the government's anti-deflation measures are seen as half-hearted. On Friday, the Nikkei ended 1.30 percent higher at 8,726.29. Analysts said the Nikkei would likely move between 8,600 and 8,900 on Monday. STOCKS TO WATCH -- Daiwa Securities Group Inc (Tokyo:8601.T - News). Japan's second-biggest brokerage, Daiwa unveiled on Friday a solid rise in first-half recurring profit as cost-cutting benefits helped partially ease the pain of a moribund stock market. Daiwa's group recurring profit -- which excludes extraordinary items and is a key gauge of the health of brokerages' mainstay operations -- totalled 15.57 billion yen ($124.9 million) for April-September. That compares with a 1.18 billion yen profit a year earlier. -- Nikko Cordial Corp (Tokyo:8603.T - News). Japan's third-biggest brokerage said on Friday it returned to profit in the first half, after cost-cutting benefits helped it weather gloom in the Tokyo stock market. Nikko, now in a strategic alliance with U.S. financial giant Citigroup (NYSE:C - News), reported a group net profit of 5.65 billion yen for the six months to September 30 against a loss of 14.12 billion yen in the same period last year. -- Kenwood Corp (Tokyo:6765.T - News). Japanese audio maker Kenwood will pull out of its mobile phone operation later this month to focus on its more competitive in-car device production, the Nihon Keizai Shimbun said on Saturday. The report came a day after Kenwood revised up its group net profit forecast for the six months to September 30 to 800 million yen from a previous forecast of nil. -- Toshiba Corp (Tokyo:6502.T - News). Toshiba, Japan's largest chipmaker, said on Friday its second-quarter group net loss shrank from a year earlier, to 7.6 billion yen for the July-September quarter, compared with an 89.7 billion yen loss last year. For the full year to next March, it left its profit targets unchanged. -- Resona Holdings Inc (Tokyo:8308.T - News). Resona, Japan's fifth-largest bank, said on Friday it expects to post 356 billion yen in latent stock losses for the half year to September 30. The bank also said it slashed its first-half earnings forecast to a group net profit of 11 billion yen from the previous estimate of 20 billion yen. ($1=124.63 yen) biz.yahoo.com