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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: WebDrone who wrote (8438)	4/28/1998 1:12:00 AM
From: michael redmond	Respond to of 42804

Richard et all...Picked this up from Infoseek thread. Could explain why Naz futures are kissing 975 (+9 3/4) for tomorrow's AM opening. Maybe MRVC will finally shake its voodoo...Mike confirmation of Rubin rumor 3:03 PM ET 04/27/98 Rubin sees low U.S. inflation, interest rates BOSTON (Reuters) - Treasury Secretary Robert Rubin said Monday he expected continued low U.S. inflation and interest rates even as Wall Street skidded on expectations of a rate hike. ''The problems in Asia will ... most likely result in lower inflation in this country and lower interest rates,'' Rubin told reporters after addressing a round-table meeting on community venture funding. The Wall Street Journal reported Monday that Federal Reserve officials believe Asia's economic crisis is not slowing the U.S. economy as much as expected and they are considering raising short-term interest rates in coming months. The report sent Wall Street stocks tumbling. The Dow Jones industrial average lost 219 points, or 2.42 percent, to 8,845 by midafternoon. However, Rubin said he expected continued low inflation. ''If you look out over the course of the next year, I continue to feel the most likely scenario by far is solid growth and low inflation,'' he said after addressing a conference organized by Boston Community Venture Fund, which invests in emerging business in poor areas. ''There will be ups and downs. There always are,'' Rubin said. Commenting on Tokyo's announcement last week of a $128 billion package of tax cuts, government spending and low-cost loans aimed at reviving Japan's moribund economy, Rubin reiterated the plan was a ''positive step''. ''Obviously, the ultimate objective has to be to get Japan back on a path of solid, sustained domestic demand-led growth,'' he said, adding Japan still had to address problems in its ailing financial sector and that it needed to continue deregulating and opening its markets.