To: billwot who wrote (19176 ) 4/23/1998 5:49:00 AM From: Frank Ellis Morris Respond to of 27012
Good Morning Bill, How have you been? yes it nice to see Intel which had been dormant for quite sometime come back to join the living. The perk in the techs over the last few session has been most impressive. Last night although Microsoft did beat the street, it issued a warning which is fashionable for msft to do. There may be a caution play when the markets open here today. Overnight we did not get any help from the Dax as one of their key component stocks got slammed: Thursday April 23, 5:24 am Eastern Time Frankfurt DAX tumbles with little help from Siemens, one of Germany's largest companies, was not providing any help either, despite a long-hoped for move to revive profits in its Siemens Nixdorf computer business. Its shares were down 90 pfennig at 113.10 marks after turning over most of its PC business into to Taiwan's Acer Inc (2306.TW). It also outlined a broad reorganistion that would reshape its two communications units and the remains of Siemens Nixdorf into three new divisions. One top loser in morning trade was SAP AG (SAPG_p.F). Its preference shares slid three percent, or28 marks to 880. -- POSSIBLE LOST DATA -- \000 The widely traded shares had soared earlier this month in anticipation of first quarter earnings, and rose again after SAP said on Tuesday that pre-tax profitwas up 72 percent. Deutsche Telekom (DTEG.F) was off 95 pfennigs at 43.55 marks. It had also risen sharply recentlyafter lagging behind other telecom shares so far this year. On the upside, Hoechst (HOEG.F) was up 2.5 percent, or 1.71 marks at 69 after Wednesday's announcement to sell off its global polyester business. On the Neuer Markt, or New Market, Drillisch AG (DRIG.F) shares were up 27 marks at 461 in their second day of trading. We will have to see what plays out here today Have a good Thursday take care your friend Frank