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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 (13067)	2/25/1998 12:18:00 PM
From: jhild	Respond to of 22053

Weather not so good in Hong Kong either. Investors Try to Invade H. Kong Exchange 11.57 a.m. ET (1657 GMT) February 25, 1998 HONG KONG - Scores of investors hurt by collapse of a brokerage tried to storm Hong Kong's stock exchange Wednesday, scuffling with police who barred their way. Up to 50 angry clients of C.A. Pacific Securities Ltd, one of the casualties of Asia's financial crisis, demanded their cash or shares back but could not get past police at the exchange entrance. No injuries were reported in the scuffles. The protesters, some weeping and some yelling, urged the exchange, regulators and liquidators to speed up refunds of their cash and shares. "Return our shares,'' they shouted. "Our securities are not secured.'' Demonstrators laid a wreath mourning their financial losses at the door of the exchange before marching to the office of the liquidators, Coopers & Lybrand. After meeting the liquidators, the group expressed disappointment and anger that chances of getting their money or shares back looked increasingly slim. "Our prospects look dim,'' Muson Cheung, a representative of the investors, said after talking to the liquidators. "We are very disappointed.'' They vowed to return to the exchange Thursday to repeat their attempts to recover their assets. The brokerage folded last month because of over-lending to clients, which proved to be its undoing as local share prices tumbled late last year. Hong Kong, the world's seventh largest trading economy, has been one of the countries dented by the financial chaos that has caused tremors throughout Asia. The wealthy city of 6.6 million people has seen thousands of jobs evaporate with brokerages, investment banks, the tourist industry, shops, hotels, restaurants and airlines shedding staff or shutting their doors in cost-cutting or liquidation moves. Up to a third of Hong Kong's residents were estimated to be playing the markets until the middle of last year as stocks soared to record highs. Many were burned when the market meltdown began in October. Others were hurt by plummeting property values. The slump also erased much of the euphoria over Hong Kong's return to China last July after 156 years as a British colony. The government recently forecast economic growth of only 3.5 percent for 1998, down from 1997's 5.2 percent. foxnews.com

To: Scrapps who wrote (13067)	2/25/1998 12:27:00 PM
From: drmorgan	Read Replies (1) \| Respond to of 22053

Florida and California should spank you with their Sun Belt...if they could find it. <G> Yeah, no sun here either. You know I could be completely confused but I thought that La Nina is the opposite of El Nino? If I'm not mistaken La Nina years would spell drought for California. Anyone? Seems like it's always feast or famine in Cal. Hope you guys are all drying out some, I heard the mountains above Pasadena got over 12" rain in one day! Last time I checked COMS up 1 5/16, go north!