Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (38916)	3/12/1998 8:05:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 61433

What does it take, a Greta Garbo in high heels and slit skirt look? Or would the hang-dog Greenspan I'm-bored-as-mud approach be better? Pat, Best laugh all day! Be prepared for both. Have your glasses and your trench coat with you. Jan

To: pat mudge who wrote (38916)	3/12/1998 9:16:00 PM
From: Glenn D. Rudolph	Respond to of 61433

ADR REPORT - European telecoms up on alliance news Reuters Story - March 12, 1998 12:05 %TEL %ES %US %STX %LATAM %LDC %EMRG %ADRS/ TEF.MC TEF %ADR/ %PT %PUB %ENT MCIC WCOM PTCO.IN PT V%REUTER P%RTR By Gilles Castonguay NEW YORK, March 12 (Reuters) - European telecommunications carriers were rallying in the morning session on news that two of them had formed alliances involving counterparts in the United States, dealers said Thursday. "I would say all of them are up," said one trader. Spain's Telefonica de Espana SA saw its American Depositary Receipts (ADRs) climb 5-11/16 at 122-7/16 after announcing a reorganization and an alliance with two U.S. telephone companies. Foreign issues from Asia and Latin America were more sedate. "The region has decoupled in the past week," said one dealer who specializes in Latin America. "Nothing outrageous has happened to prompt people to buy or sell. "(But) I have noticed some rotation: people moving money from sector to sector," he added. Another dealer described the Asian market as directionless, if not a bit bearish, what with the profit-taking witnessed overnight in the local markets. Telefonica has formed strategic alliances with MCI Communications Corp and WorldCom Inc , as well as a separate international deal with Portugal Telecom SA Portugal's ADR was up 2-1/2 at 59-5/8. "They're the strongest," said one dealer of the two European ADRs. Both of them were among the leading percentage gainers on the New York Stock Exchange. "Volume is mild," he said. The dealer said some Chinese ADRs had come under pressure following comments made by the country's foreign minister about his desire to resign from the post. ADRs allow U.S. trade in foreign stock.