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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (13411)12/15/1997 7:47:00 PM
From: 16yearcycle  Respond to of 70976
 
INVESTMENT FIRMS TO BE UNDER MORE PRESSURE TOMORROW

Hamburger and Fries was downgraded late today, in further bad news for Wall Street tomorrow. Earlier, Charlie Brown and Round Off Financial were hit by downgrades." We caught wind of their year end bonuses," said one investor."We expect an investigation with penalties to be inevitable," said another.



To: Gottfried who wrote (13411)12/15/1997 8:21:00 PM
From: Kumar Nathan  Read Replies (1) | Respond to of 70976
 
GM & Others: Listened to MUs conf.calls. This might bring more sell-off tommorrow. For one question, MU Mgmt said that Koreans are cancelling their orders and further more, due to their cash flow problem, they are not able to pay for the equipments they already bought.

Whether the statement made by MU is good or bad, this doesnt sound good for equipment sector.

Regards

Kumar


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