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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (1806)	1/21/1998 3:23:00 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 11051

>>So what do you think, Tech money flowing out of IBM and INTC?<< Sigh, did not know there was any left...I sold IBM some time ago, so I this bell does not ring for me - but again Papa Ernesto Hemingway would say different ;)-. Here's a long text on German situation. Well, er, why dont you boyz'n'girls start learning German? First "Wort": EURO. Pronounced "Oyroh" in German. French, Dutch, Finish, Italian etc we do next time OK (g). # text starts.................. from Boerse online 4, front-page story : Bursting with profits The poll among the German CEOs about their expectations in 1998. More than 200 answered following questions: - What's the GNP/industry growth rate you expect in 1998 - How will your profits develop? - What's the dollar exchange rate you are assuming for the current year - How does you company deal with the Euro switch-over and with Y2K problem General forcasts: 1. GNP growth in 1998: < 2.5% 23.4 ~ 2.5% 55.3% > 2.5% 21.3% They are conservative/realistic. The Asian virus should in my opinion be already factored in. 2. Industry growth in 1998 below 1997 17.3 as in 1997 41.1 better than 97 41.6 Don't ignore large differences between industries (see further) 3. Profit in 1998 Below 97 6.9 As in 1997 22.8 Better than 97 60.7 VERY much better 9.6 Comment: These guys ARE optimistic 4. US$ in 1998 Lower than 97 35.9 Same as in 97 38.9 Higher than 97 25.5 Why's US$ so important? Well, Germany could easily be renamed to Export AG. Again, they are conservative/realistic. Table I: Growth in Germany in 98 by industry: Growth <97 ~97 >97 machinery & steel 10.00 40.00 50.00 Electro & EDP 0.00 33.30 66.70 Re+tail 17.90 46.40 35.70 Chemistry & Health 11.80 35.30 52.90 Packaging & Food 37.50 37.50 25.00 cars & car suppliers 0.00 46.10 53.90 banks 13.30 53.40 33.30 insurance 14.30 57.10 28.60 textile and clothing 58.30 33.30 8.40 building & b. supplies 38.10 42.90 19.00 printing & media 0.00 0.00 100.00 utilities & telecom 22.20 33.30 44.50 Columns: below 97, approximately the same and better than 97. Table II: 98 profit expectations of German firms by industry: profit <97 ~97 >97 >>97 machinery & steel 2.90 14.30 65.70 17.10 Electro & EDP 0.00 20.00 56.00 24.00 retail 3.90 26.90 53.90 15.30 Chemistry & Health 0.00 18.20 59.10 22.70 Packaging & Food 11.10 33.30 44.50 11.10 cars & car suppliers 0.00 15.40 76.90 7.70 banks 0.00 37.50 62.50 0.00 insurance 6.70 20.00 60.00 13.30 textile and clothing 23.10 46.10 30.80 0.00 building & b. supplies 10.00 30.00 56.70 3.30 printing & media 0.00 0.00 100.00 0.00 utilities & telecom 25.00 12.50 62.50 0.00 Columns: below 97, ~ 97, better than 97 and MUY better than 97 Re Euro and Y2K: 76.9% say they have these issues under control. Nice. Which still means 23.1% have not. Average cost expected at 0.48% of the revenues. # endof text