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Biotech / Medical : Hollis Eden Pharmaceuticals Inc. (HEPH) -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (13)	2/17/1998 7:24:00 PM
From: flickerful	Respond to of 138

note the last paragraph... Tuesday February 17, 8:29 am Eastern Time Wall St. stocks to open firmer, eyes Iraq By Huw Jones NEW YORK, Feb 17 (Reuters) - Wall Street stocks were poised to gain at the open on Tuesday amid signs that Iraq's standoff with the United Nations may be easing, with Asian markets stable during Monday's Presidents Day U.S. holiday. ''It's a sigh of relief type of response,'' said Thom Brown, managing director of Rutherford Brown and Catherwood. ''Iraq seems to be backing off a little bit and that's probably helping things, and Asia seems to have stabilized again.'' March S&P stock futures on Globex were up 5.10 points. Industrial production and capacity utilization in January are due at 0915 EST/1415 GMT. Production is forecast to rise 0.2 percent compared with 0.5 percent in the prior month. Capacity utilization is forecast to dip slightly to 83.3 percent, just below December's 83.4 percent. ''The economic news this week will be favorable showing continued low inflation,'' said Peter Cardillo, director of research at Westfalia Investments. ''We will also have some shortcovering ahead of the double-witching Friday to help boost prices,'' he added. The five permanent members of the United Nations Security Council were ''very close'' to an agreement to offer Iraqi President Saddam Hussein a plan to end the impasse over U.N. weapons inspectors. President Clinton will address the issue in a speech at 1200 EST/1700 GMT. Wall Street stocks were expected to be helped by a firm long bond, up 18/32 to yield 5.81 percent, a stable dollar, and the FTSE100 index in London hitting a new intra-day high of 5694.3 points, up 74 points, or 1.32 percent, on the day. Merger activity will also grab investor interest. Tellabs Inc (TLAB - news) has agreed to acquire Coherent Communications Inc (CCSC - news) in a deal worth $670 million. SPX Corp (SPW - news) said it has offered to buy Echlin (ECH - news) in a deal worth $3 billion, or $48 per share. Computer Associates International Inc (CA - news) on Monday stepped up the pressure on Computer Sciences Corp (CSC - news) to negotiate over CAI's unsolicited $9 billion takeover bid and started a hostile $108 per share tender offer. Friday, the Dow closed up 0.50 point at 8370.10, the fourth consecutive record high. Tuesday, the Nikkei index in Tokyo closed up 15.19 points at 16,790.71. The Wall Street Journal, in its Heard on the Street column, looks at how stocks of health maintenance organizations, flat on their back last year, are on their feet again. Part of the recovery is due to Michael Price's Franklin Mutual Advisers, which holds stock in some of the HMOs. The New York Times, in its Market Place column, profiles Terren Peizer, formerly the right-hand man of Michael Milken and now president of Hollis-Eden Pharmaceuticals Inc (HEPH - news), a fledgling company whose stock has soared. ---------------------------------------------------------------------- Copyright c 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon See our Important Disclaimers and Legal Information. Questions or Comments?