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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Gary Wisdom who wrote (33182)	10/23/1997 11:49:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 58324

Gary, all. Hong Kong is up nearly 5% as we speak. China lowered interest rates by 1% in response to help hong kong, the third such lowering. if it holds, back up your truck, could be in for a roaring day. scmp.com Thursday October 23 1997 Surprise cut in interest rates WANG XIANGWEI China yesterday surprised the market by unveiling interest rate cuts both sharper and sooner than most analysts had expected. The cuts, effective today, are aimed at bolstering the mainland economy and bailing out the debt-ridden state sector. They also appear timed to boost plunging stock markets in Hong Kong and on the mainland, coinciding with today's debut of China Telecom Hong Kong, the biggest float ever launched in Asia outside Japan, raising US$3 billion (HK$23.2 billion). The People's Bank of China announced it would shave an average 1.1 percentage points off deposit rates and an average of 1.5 percentage points off lending rates. Economists said the cuts, the third round in 17 months, were good news for the mainland stock and bond markets, as well as for the Chinese companies listed in Hong Kong.