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To: Jack Whitley who wrote (29913)	1/10/1998 1:04:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Feds shut down California pot clubs United Press International - January 09, 1998 21:14 %STATE %CA %POTCLUB V%UPI P%UPI SAN FRANCISCO, Jan. 9 (UPI) - The U.S. Justice Department has filed six civil lawsuits to shut down Northern California cannabis clubs empowered by a California voter referendum that allows the medical use of marijuana. U.S. Attorney Michael Yamaguchi said today six clubs and 10 people have been charged with the distribution of marijuana in violation of the federal Controlled Substances Act of 1970. Under federal law, marijuana is classified with heroin, LSD and other drugs as having no accepted medical use and whose distribution, sale and possession are prohibited. But federal law conflicts with the state's Proposition 215, which opened a loophole for the possession and distribution of marijuana for medical use when it passed in 1996. U.S. Attorney General Janet Reno today denied the state's right to contradict federal law and said pot cannot legally be sold anywhere until its medical value is proven and safe production and distribution methods are developed. Dennis Peron, head of the San Francisco Cannabis Buyers Club, said most of the 8,000 members are AIDS patients, and their lives can be improved by using pot. Peron and other defendants must appear Jan. 29 in federal court to face drug distribution charges, which he called ''a slap in the face to voters.'' He estimates there are about 15,000 members of pot clubs in Northern California. Peron said his club would continue operating until the court date. He said he would ''surely go to jail if they would leave (HIV patients) alone. It's not about marijuana anymore - it's about democracy.'' -- Copyright 1998 by United Press International. All rights reserved.

To: Jack Whitley who wrote (29913)	1/10/1998 10:04:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Fundamental Highlights: <sum> The spending outlook for 1998 is solid, according to the survey. Average budget growth should slightly accelerate to 7%. More users indicated that their spending would increase and that spending growth would accelerate than did entering 1997. <sum> A surprise was the shift in spending toward people after years of cutting back here. Staffing was the category with the highest expected spending growth, followed by servers and networking. Year 2000 and Internet/intranet applications may be driving people needs. <sum> Year 2000 spending as a percentage of budgets should rise from about 7% last year to 12% in 1998. Only 30% said that Y2K outlays would crowd out mainstream spending. Even if companies are as ready for Year 2000 as they claim, we doubt the same will be true in Europe and the Far East. <sum> Spending plans are strong for Compaq, Hewlett-Packard, EMC, and Sun Micro. Intentions for IBM are modestly positive. <sum> Although CIOs think Microsoft must be monitored, most favor integrating the browser with the operating system. Users support Sun in the Java legal wars and want a Microsoft alternative, though we question whether a sufficiently unified competitor exists today. Comment United States Information Processing—Server Hardware 6 January 1998 Steven Milunovich, CFA First Vice President Corporate Buyers' Survey Server and Enterprise Hardware Reason for Report: Monthly Survey of 50 CIOs Merrill Lynch & Co. Global Securities Research & Economics Group Global Fundamental Equity Research Department 248200/248197/248100/248000 RC#30200601