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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Jack Whitley who wrote (20935)	3/10/1998 11:09:00 PM
From: Paul Fiondella	Respond to of 42771

(Off Topic) Nikkei decline Mitsubishi Motors announced that its year ending March 31st losses will amount to $860.7 million, triple what it had expected. The fourth largest Japanese auto manufacturer was unable to bolster its bottom line with exports and suffered currency losses in Thailand. Its shares were halted o nthe Nikkei but not before the news led to a 200 point decline. This is the essence of what is happening in Japan. The news of bad earnings and possibly worse coming (bankruptcies) fighting every effort by the Japanese government to keep both the yen and the Nikkei UP until the end of the fiscal year. (As in protecting the banking system outlined in the previous post). The size of the Nikkei decline since its high (wasn't it once at 40,000) isn't the CURRENT issue. The issue is the capital base of the banking system that depends upon the Nikkei being held higher that 14,000.