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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: joe who wrote (20026)	7/31/1998 5:34:00 PM
From: William Wang	Read Replies (2) \| Respond to of 45548

I think this is the main reason why market is tanking, certainly worth noticing is dollar-yen action... Miyazawa's comments yesterday that FX intervention should not be used often has given added strength to the dollar which is now at Y144.66... Lest we forget the coordinated intervention that took place on June 17 when dollar-yen had closed the previous session at Y143.33... Leading up to that effort, equity market had been spooked by renewed devaluation concerns so with Miyazawa taking a soft stance on intervention, it is likely these same devaluation concerns will be revisited, giving the market one more reason to stay in its corrective stupor. (From Briefing.com)

To: joe who wrote (20026)	7/31/1998 5:35:00 PM
From: TechMeister	Respond to of 45548

Economic nirvana happens when growth is strong and inflation is absent. Thats exactly what we have now. I see absolutely no reason for stocks to go down from here. In fact we might just be preparing for a major rally. Good for COMS that the market went down. COMS wouldnt have gone up today even in an up market. Now COMS has spent enough time in the sub 25 area that people will get more comfortable buying this guy...