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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Patrick E.McDaniel who wrote (21884)	11/17/1997 11:16:00 PM
From: joseph w renfrow	Respond to of 176387

From across the Globe: Monday November 17, 9:53 pm Eastern Time Tokyo stocks firmer at midday, awaiting package TOKYO, Nov 18 (Reuters) - Tokyo stocks finished Tuesday's morning session marginally higher, with market participants cautious ahead of the government's economic stimulus package due out later this afternoon, brokers said. The market was briefly cheered by news that Economic Planning Agency (EPA) said reforms of land-related taxes will return the tax system to what it was before the asset price bubble of the late 1980s, they added. The 225-share Nikkei average was up 19.78 points or 0.12 percent to end the morning at 16,303.10. The average fluctuated between 16,089.81 and 16,500.70. December Nikkei futures rose 290 points to 16,330. ''Caution after the steep rally yesterday is growing in the market,'' said a trader at a foreign securities house. ''People are waiting for the government's economic package, and if it does not meet demand, sales could emerge again,'' he said. On Monday, the Nikkei average surged over 1,200 points or nearly eight percent, following relentless sales in recent weeks. Expectations of possible tax reform briefly helped lift the market, brokers said. ''We'll have to wait and see if the government really revamps the tax system, but the government's plan is at least good news,'' said a broker at a second-tier brokerage house. EPA Minister Koji Omi said: The package will not include fiscal spending and will feature mainly deregulation measures, such as steps to promote land transactions, but it will create new demand in the economy. The market was also supported by talk that Japan's ruling Liberal Democratic Party (LDP) may include measures to use public funds to increase the capital of troubled financial institutions in its next economic package due out mid-December. During the noon recess, the head of the LDP's policy body, Taku Yamasaki, said his party is considering setting up a government agency to buy preferred stock to be issued by troubled financial institutions. In the first section of the Tokyo Stock Exchange (TSE) turnover was 260 million shares at midday, little changed from 284 million shares traded in Monday's morning session. Declining issues outnumbered gainers 565 to 493, while 194 issues were unchanged. The broader-based TOPIX index inched up 0.78 point or 0.06 percent to 1,258.63. The Nikkei 300 average was up 0.43 point or 0.17 percent at 247.10. Gainers were led by precision instruments, credit/lease, real estate, and communications. The major losers were fisheries, sea transport, railway/bus, and iron/steel. In the wake of the announcement that North Pacific Bank Ltd (8524.T) will take over the Hokkaido operations of Hokkaido Takushoku Bank Ltd (8312.T), North Pacific shares were bid-only at 430 yen against Friday's close of 390. Hokkaido Takushoku was ask-only at 47 yen against Friday's 65. Trading in both issues was suspended on Monday. - Hiroko Nakata, Tokyo Equities Desk (813) 3714-5473 Related News Categories: US Market News, international

To: Patrick E.McDaniel who wrote (21884)	11/17/1997 11:24:00 PM
From: kemble s. matter	Respond to of 176387

Patrick, Hi!!! and thanks for the post...look forward to it each night...with Brazil having another great day...that too is encouraging...tomorrow will be up if this holds as is now....it would certainly throw the market back up big time if it rebounded even 50% of what it did yesterday... But, the spin seems to be out there that the scam is over and it is time to buy back all the techs that "the experts" ( who made 9%; 14%; or 17% to date..Barron's) missed out on when they forget to buy Dell or sold it and found it shortly thereafter doubling!!!!! This is one of the major reasons the immediate future looks good ...forbidding something drastic overseas or with the chemical lunatic in Iraq. Those that missed the first time may learn with this new buying opportunity....afterall, CPQ had fabulous earnings and they trashed it...my dad just told me that when situations like this scare in Asia occurs the quote to remember is this: " When the paddywagon comes to the whorehouse...they take ALL THE GIRLS." Best,Kemble PS: did you notice that Wallmart was way up there today in trades??? Consumer confidence for the coming season....people will be buying and that means more of Run Mikey Run.....