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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (17551)	3/24/1998 9:53:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 50167

Jerry, I know you agree there's a curiosity to what makes a stock split worth investing in other than that it drives the price up. Briefing's commentary was tongue in cheek but given that stock spits used to flatten a stock for awhile (not make it go up), its something worth discussing despite its current trading value. This market has broken anyone betting against it. In a surging market its best, as you point out, to hitch a ride with each new breakout and not muck around with bottom fishing. But that can change, and one day a split will be worth no more than a banana. Until then lets rock and roll, eh! Notice how SLB got hit with a downgrade this morning? Later, my friend. Jim

To: Jerry Olson who wrote (17551)	3/24/1998 9:59:00 AM
From: j g cordes	Respond to of 50167

The worm turns... " KLA-Tencor Corp. (KLAC) 37 3/16 -1/4: Adams Harkness lowers fiscal 1998 and 1999 EPS estimates for semiconductor equipment maker due to the severe impact from Asian; lowers FY98 EPS from $2.17 to $2.07 and FY99 from $2.20 to $2.00 a share; says Korea is running at half the normal rate while Japan is expected to be worse than anticipated, Europe and Taiwan seem to be holding their own..... Oil Stocks: Deutsche Morgan Grenfell downgrades Texaco Inc. (TX 61 -7/8), and Unocal Corp. (UCL 40 11/16 -11/16) from "accumulate" to "hold" recommendations; downgrades Atlantic Richfield (ARC 82 1/16 +3/16) and Amoco Corp. (AN 86 15/16 -1 1/8) from "hold" to "sell".." from Briefing