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

To: jhild who wrote (12103)	1/28/1998 1:03:00 AM
From: drmorgan	Read Replies (1) \| Respond to of 22053

It takes a different mind set though - discipline. I think it is so much easier to get distracted at home than at work... Yes, I agree that one needs some dedication also. I think that can come with your career and being professional. I think I can speak for many in that it doesn't matter who you work for or where because the real dedication is in the career. You do bring up a good point about distractions and every home is unique. I would say a must thing is to set up an office away from the general traffic and kids running around your computer. An interesting thing is how well some companies are set up to do it and don't realize it. Where I work I hardly ever see my boss, who is a director. The company gutted it's middle management years ago and the big guy hates managers! I didn't even realize there were companies like this, they really empower their professional employees. Not once have I had some manager telling me what to do, a far cry from my job at 3Com/MCD where they have far too many managers building their little empires. When USR/MCD (at the time) laid me off and 35 other engineering people in '96 I was amazed that no managers were let go but then they (at least at MCD) really don't understand that employees can be empowered and trusted to do their jobs. Sorry, I'm rambling <g> Derek

To: jhild who wrote (12103)	1/28/1998 10:21:00 AM
From: Moonray	Read Replies (1) \| Respond to of 22053

Stock markets agree on circuit-breaker plan NEW YORK (Reuters) - U.S. securities markets have reached a tentative agreement on a proposal that would loosen the so-called circuit breakers that can halt trading in stocks when share prices fall sharply, exchange officials said on Tuesday. ''We have agreed to a proposal to submit to the Securities and Exchange Commission under which circuit breakers would be tied to 10 and 20 percent moves in the Dow,'' Dale Carlson, a spokesman for the Pacific Stock Exchange, said. In December, New York Stock Exchange Chairman Richard Grasso told Reuters the exchange would likely propose changes that would reduce the likelihood that the circuit breakers might be triggered. Under the current rules, trading comes to a halt if the Dow Jones Industrial Average falls 350 points, and again if the decline reaches 550 points. Under the preliminary proposal, trading would stop for the rest of the session if the blue-chip average fell 20 percent at any time while the stock market was open, Carlson said. Based on Tuesday's close, a 20 percent decline would equal a loss of about 1,562 points by the Dow industrials. If the Dow fell 10 percent before 1300 EST/1800 GMT, trading would be halted for one hour. If it declined 10 percent between 1330 EST/1830 GMT and 1430 EST/1930 GMT, trading would be halted for 30 minutes. If slid 10 percent after 1430 EST, trading would stop for the remainder of the day, officials said. Trading on the New York Stock Exchange normally ends at 1600 EST/2100 GMT. Many stock market players and regulators have called for a widening of the trigger points in October after the halts were imposed for the first time ever. The New York Stock Exchange said it would not comment on the proposal until after its Feb. 5 board meeting, but a Nasdaq spokesman said: ''All the markets have basically come to the same agreement.'' To be sure, another market source stressed the agreement was tentative and there were still several issues under discussion. Carlson said the percentage declines would be recalculated into a point-loss every January and again in July if the proposal was accepted. rading halts were first proposed by the Brady Commission after the 1987 stock market crash. Initially, the curbs were put at 250 points and 400 points, and were widened to 350 points and 550 points early last year. After the halts were triggered for the first time on Oct. 27, some market analysts said they might have exaggerated the losses they were intended to limit. The first curb may have triggered further selling pressure, they said, acting as a catalyst for the second halt, which ended the session before its normal closing time. o~~~ O