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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (11403)	1/8/1998 3:39:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 22053

I don't think Unkie Al was to blame, but part of the stampede was attributed to someone with a similar job. FOCUS-Indonesian markets in melt-down mode biz.yahoo.com JAKARTA, Jan 8 (Reuters) - Indonesian markets were in melt-down mode on Thursday, with the stock market slumping more than 18 percent at one stage and the rupiah collapsing close to 10,000 to the dollar. Traders and economic analysts said there was a complete lack of confidence in the market, amid widespread doubts about the government's ability to overcome the financial crisis. They also cited unsubstantiated rumours that President Suharto would not seek re-election in March. Government officials were not immediately available for comment on the rumours. Brokers said rumours that Suharto was unwilling to stand for re-election were sweeping the market, but added there seemed little basis for the talk. The stock market index plunged 18.5 percent to 321.29 points on the rumours, brokers said. By 0732 GMT it had recovered to show a 13.53 percent fall to 340.91. The rupiah had fallen 18 percent on the day to 9,900 by noon and dealers said the 10,000 barrier was not far off. But by 0732 GMT the currency was trading at 9,150/9,450. The fall in the rupiah was sparked by comments by U.S. Deputy Treasury Secretary Lawrence Summers that Indonesia needed to show its commitment to reforms agreed with the International Monetary Fund (IMF) under a bail-out plan drawn up in October. On Tuesday, Indonesia released a 1998/99 budget projecting four percent economic growth, inflation at nine percent, an exchange rate of 4,000 rupiah to the dollar and an increase in tax revenue during the period. It was badly received by the markets and analysts labelled the plan as unrealistic. ''There is a complete lack of confidence,'' said Tom Soulsby, the head of research for ANZ Securities in Jakarta....." (more in story linked)

To: Scrapps who wrote (11403)	1/8/1998 12:17:00 PM
From: Moonray	Read Replies (2) \| Respond to of 22053

Dell Reduces Prices by Up to 15 Percent On Selected Models of Corporate PCs; Dell Passes on Cost Reductions from Asian Market Turmoil To Customers 09:31 a.m. Jan 08, 1998 Eastern ROUND ROCK, Texas--(BUSINESS WIRE)--Jan. 8, 1998--Dell Computer Corporation (Nasdaq:DELL), the world's leading direct computer systems company, cut prices today in the United States by up to 15 percent on selected models of Dell(R) OptiPlex(R) PCs, passing on reduced component costs which the company believes are attributable at least in part to weakness in the Asian economy. Dell also reduced prices by $200 on selected units of its WorkStation 400 that include a single 300 MHz Intel(R) Pentium(R) II processor. Since Dell, the No. 2 supplier of desktop PCs to U.S. businesses(a), builds each PC to order and has little inventory, the company can quickly pass on lower costs to customers. With the vast majority of its customer base outside Asia and most of its components coming from Asia, most Dell customers are positioned to gain from the softening Asian market. Price reductions today apply to OptiPlex PCs with Intel Pentium processors with MMX(tm) technology and Pentium II processors. Dell OptiPlex PCs are designed to provide superior reliability, stability and connectivity for use in networked business and institutional environments. OptiPlex PCs also offer advanced manageability features designed to help customers reduce their total cost of ownership (TCO). A sample configuration and price includes: OptiPlex GXaL with 300MHz Pentium II processor, 32MB SDRAM, 2.1GB Ultra DMA/33 hard drive, 12/24X variable-speed CD-ROM, integrated 3Com(R) 10/100 Ethernet networking, video adapter with 8MB video RAM and 800LS (13.7-inch v.i.s.) monitor has been reduced 15 percent to $2,338 from $2,746. Dell system prices include monitors unlike many competitive offerings. Other price reductions range from 2 percent to 15 percent. Dell said it believes its low prices were a factor in recent sales to major corporations including Pillsbury, SBC and Wal-Mart. More information on Dell's OptiPlex products and pricing can be found at www.dell.com/products/optiplex/index.htm . Information on Dell's WorkStation 400 product and pricing can be found at www.dell.com/products/workstat/index.htm . Ranked in the top 200 of Fortune 500(R) companies, Dell Computer Corporation is the world's leading direct computer systems company, based on revenues of $11 billion for the past four quarters. Dell designs and customizes products and services to end-user requirements, and offers an extensive selection of peripherals and software through the DellWare(R) program. Information on Dell and its products can be obtained through its toll-free number 1-800-388-8542 or by accessing the Dell World Wide Web server at www.dell.com. Dell and OptiPlex are registered trademarks and DellWare is a registered service mark of Dell Computer Corporation. Intel and Pentium are registered trademarks and MMX is a trademark of Intel Corporation. 3Com is a registered trademark of 3Com Corporation. Fortune 500 is a registered trademark of Time Inc. Dell disclaims any proprietary interest in the marks and names of others. Prices, products and specifications available in U.S. only and subject to change without notice. Shipping and handling and applicable sales taxes not included in prices. o~~~ O