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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: CPAMarty who wrote (27403)	1/2/1998 10:17:00 AM
From: Ian deSouza	Respond to of 50808

Small signs that quality high-techs are heading upward today...

To: CPAMarty who wrote (27403)	1/2/1998 11:59:00 AM
From: Rarebird	Respond to of 50808

DLJ's Nabi Sees Asian Crisis Hurting U.S. Earnings by Mid 98: New York- Stanley Nabi, a market strategist at the Wood Struthers & Winthrop investment-management subsidiary of Donaldson Lufkin & Jenrette. (DLJ), predicts that the economic turmoil in Southeast Asia will affect U.S. economic performance most severely midway through 1998. Nabi told CNBC Wednesday that he believes corporate earnings in the U.S. will grow progressively weaker into the second or third quarter as exports fall off. "On the other side, imports are going to be dumped into this country or sold in this country at very competitive prices, and this is going to force our companies domestically not to raise their prices," he said. Nabi said Southeast Asia may yield a " positive surprise " in the second half of 98 ( Sir John Templeton has recently invested in an open end ( 1% load ) Korean fund ), but he forsees problems there through the spring. Countries in the region " ARE IN DENIAL as to the MAGNITUDE of their BAD DEBTS ( like certain people on this thread in relation to Cube ), he said. While Nabi says he expects no bank defaults in Asia ( I expect some in Malaysia. ), he does expect " various countries " to announce this winter that their indebtedness is higher than they have been saying. He said he agrees with a proposal financier George Soros made Wednesday to set up an organization to regulate the international lending system and charge a fee to guarantee international loans. " These countries have gone on for several years without any regulations, with a great deal of corruption and loose controls in their financial system," Nabi said. " Somebody has to be there to tell them what to do". He predicted DEFLATIONARY PRESSURE will be a " Pervasive " problem in 1998, but not severe enough to spark recessions anywhere in the world ( like the Year 2000 problem ).