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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: bigbuk who wrote (25091)12/31/2002 12:24:23 PM
From: Taki  Respond to of 25711
 
(COMTEX)B:Euro ends its first year in cash form with a strong rally ag
B: Euro ends its first year in cash form with a strong rally against the U.S.
dollar

FRANKFURT, Germany, Dec 31, 2002 (AP WorldStream via COMTEX) -- As its first
birthday in cash form approached, the euro rode a strong rally that has seen the
12-country European currency rise 15 percent against the U.S. dollar in 2002.

The euro brushed up against US$1.05 on Tuesday, reaching US$1.0499 in mid-day
European trading before falling back slightly.

That capped an increase of 15 percent against the dollar since last New Year's,
and a 21 percent climb since its 2002 low point at around 86 U.S. cents in
February. The euro hasn't been this high since November 1999 - more than three
years ago.

Euro notes and coins were introduced with fireworks and rhetoric about European
unity on Jan. 1, 2001 - a massive logistical operation that went with fewer
hitches than many had expected.

But there were few champagne corks popping as the anniversary approached.
Economists attribute the recent euro rally more to worries about the U.S. stock
markets and economy than to any new confidence in the continent's economy.

A stronger euro also erases price advantages enjoyed over their American
competitors by European exporters - who are widely looked to as the leaders of a
long-delayed European economic recovery.

Launched on financial markets on January 1, 1999, the euro started out trading
at US$1.18, but soon sank as investors poured money into the U.S. economy to get
a piece of the unprecedented stock-market boom there. It fell below parity, or
one-to-one with the dollar to hit an all-time low of 82 cents in October 2000.

This year's rally has been fueled mainly by investor disenchantment with U.S.
assets. When money moves from U.S. stocks and bonds to Europe, investors and
financial institutions must sell dollars, driving down the dollar's exchange
rate.

The lowest U.S. interest rates in four decades have also played a role in luring
money into euro cash holdings, where returns are higher.

While the introduction of notes and coins on Jan. 1 was widely regarded as a
logistical success, the support for the currency has drifted down in opinion
polls. In particular, many people have been angered by price increases that
resulted from some merchants rounding up to the nearest euro as they converted
prices.

While inflation overall is about the same now, around 2 percent, as it was
before euro cash arrived, some goods - chocolate bars, men's haircuts, car
washes are among the examples - went up disproportionately, according to one
price study by the German government.

Fully 84.4 percent of 12,000 Europeans polled in December for the European
Commission said rounding went against the consumer.

The euro is used by 12 of the 15 members of the European Union: Germany, France,
Italy, Netherlands, Spain, Portugal, Greece, Belgium, Finland, Ireland,
Luxembourg and Austria. EU members Britain, Sweden and Denmark have kept their
own currencies for now.


By DAVID McHUGH
AP Business Writer

Copyright 2002 Associated Press, All rights reserved

-0-

APO Priority=r
(PROFILE
(WS SL:BC-EU-FIN--Euro-Year End; CT:f;
(REG:EURO;)
(REG:BRIT;)
(REG:SCAN;)
(REG:MEST;)
(REG:AFRI;)
(REG:INDI;)
(REG:ASIA;)
(REG:ENGL;)
(LANG:ENGLISH;))
)


KEYWORD: FRANKFURT, Germany
(dm-me)

*** end of story ***



To: bigbuk who wrote (25091)12/31/2002 2:43:34 PM
From: Taki  Read Replies (2) | Respond to of 25711
 
Some Stocks to watch for 2003 rocking IMO:Will see where they will go:As of today their bid price is?Will see how many of them will scream the blues from 30% to 300%?IMO.
1)LVCI 1.07.
2)QTEK .035.
3)VITC .016.
4)MOAT .04.
5)ESAN .15.
6)USTI .065.
7)OFCC .025.
8)IDNW .027.
9)EGAM .16.
10)MEHO .02.
11)TIWI .32
12)ANZA .0225
13)UDTC .008.
14)OSRC.017
15)TKRN .09.
16)MODG .0062.I hope I get out safe.I better.
17)HMSK .045.
18)RLTI .021.
19)TEVT .09.
20)ICMH .007.
21)VWLC .04
22)BZHM .016
23)AMSE .065.
24)ECMN .055.
25)JPEI .001.



To: bigbuk who wrote (25091)1/3/2003 9:37:20 AM
From: Taki  Respond to of 25711
 
MODG.January 11th?RB has quiet down.Hmmmm.
Any thoughts on these posts below?January 11th?The name?
Is it time to see MODG rocking?Maybe?So at the least get our money back?Or even make some?

ragingbull.lycos.com
By: mgland
02 Jan 2003, 03:47 PM EST Msg. 995 of 996

January 11th Event to Nurture High-Tech
Start-Ups in Dallas-Fort Worth Metroplex
Dallas, Texas - - December 18, 2002 - The Technology Alliance of Dallas (TAD), formed by the leaders of several local high-tech organizations will stage an event for early-stage entrepreneurs on January 11, 2003. The event, "Unleashing Your Entrepreneurial Potential," fulfills the mission of TAD to create new opportunities for new businesses to form using the wealth of talent that is now available and ready to consider entrepreneurship. Whether these people choose to stay in their past technology niches or whether they want to transfer their skills to new, and timely technology applications, they will have the opportunity to explore new options through TAD beginning with its first event January 11th.

The free, half-day event to nurture entrepreneurship among the many talented high-tech specialists in the Metroplex, will be at The University of Texas at Dallas (UT-Dallas) Conference Center from 1 to 5 p.m. Saturday January 11th. Anyone who wants to register for the event, can go to www.TADallas.org to register. Since space is limited, registrations will be accepted on a first-come, first-served basis.

Speakers and leaders for the breakout sessions, which will commence after introductions and a keynote address by a notable entrepreneur, include Zack Bair, Immediatek;. George Brody, Globe Ranger; Ed Cantwell, Inner Wireless; Randy Waters, VoiceRamp; and Gaunghan Xu, Navini Networks; Herman Pon, Taqua Networks; Bill Szeto, Ceterus Networks; Brian Alton, Cyneta Networks; Tom Hendrick, Trulogica; and George Barber, Sychip, and others. More details will be posted at www.TADallas.org as they become available.

"Unleashing Your Entrepreneurial Potential" is made possible by its sponsors and supporting organizations. The sponsors are Austin Ventures; Baker Botts; Genesis Campus; Haynes and Boone, LLP; Jackson Walker, LLP; Jones Day, LLP; Sevin Rosen; Silicon Valley Bank; Star Ventures; Virtual CFO; and Vortex Partners.

The founding organizations of TAD and the January event are the Chinese Institute of Engineers (CIE), cie-dfw.org , Institute of Electrical & Electronic Engineers-CVT (IEEE), cvt-dallas.org ; Metro Chips, metrochips.org ; MIT Enterprise Forum of Dallas-Fort Worth, Inc. (MIT Forum), mitforum.com ; STARTech Foundation, startech.org and The Indus Entrepreneurs (TIE), tie-dfw.org . The University of Texas at Dallas will be a Host Sponsor, and Swensen Communications is the Marketing and Public Relations Sponsor. Additional supporting organizations are The Greater Dallas Asian Chamber of Commerce, The Greater Dallas Chamber of Commerce, the North Texas Global Telecommunications Society, the North Texas Technology Council, and Texas Venture Post.

Howard Chen, vice president of the Chinese Institute of Engineers, said, "The telecom meltdown has brought into focus the fact that we have many organizations that, if working together, can create a whole new paradigm of new businesses and new jobs in the Dallas area." Mr. Chen initiated the invitation to leading high-tech groups to come together to take advantage of the telecom and IT downturn to create new businesses using the wealth of talent in the Metroplex.

The founding organizations of TAD and the January 11th event are the CIE, Institute of Electrical & Electronic Engineers-CVT (IEEE CVT); Metro Chips; MIT Enterprise Forum of Dallas-Fort Worth, Inc. (MIT Forum); STARTech Foundation and The Indus Entrepreneurs (TIE). UT-Dallas is Host Sponsor

The Organizing Committee of people who represent the founding organizations that created TAD and the January 11 event are Adil Adi, TIE; Andrew Lin, CIE; Ram Velidi,TIE; Bob Shapiro, IEEE CVT; Da Hsuan Feng, UT-Dallas; David Van Winkle, Metro Chips; Elizabeth Frank, MIT Forum; Howard Chen, CIE; Matt Blanton, STARTech Foundation; Neil Kaden, MIT Forum; and Sejal Desai, STARTech Foundation.