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To: Richard Habib who wrote (17375)	8/28/1998 10:48:00 AM
From: Mark Palmberg	Respond to of 213173

Warnock and Jobs have close personal and business relationships that go back 15 years to Adobe's founding. The software concern has written key applications for the Apple Macintosh, such as Photoshop and Illustrator, and Warnock has been a steadfast supporter in Jobs' efforts to turn around the financial fortunes of the Cupertino, Calif.-based computer manufacturer. Huh?! All I've seen Warnock do lately is go crying to his shareholders, saying poor little Mac users aren't buying enough of his software. I'm steamed! Mark

To: Richard Habib who wrote (17375)	8/28/1998 11:34:00 AM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213173

Rich, all phenomena you described are not praticular news, Russia's latest one but not very special event. They changed their economic structures from central-control to free market, which needs some tolerance and risk from market auto-adjustment. They have been suffering economic instability for a while. They need to go thru this growing pain to achieve free market level hence I wouldn't take it serious. You have mentioned here the conditions in other countries several months ago and there have been that way for about a year. There has been in recession here in US. Every country needs to adjust its own policies to improve economic conditions. Does things get worse? No, I don't think they are. I just treat it as an economic cycle in each individual country, some are in the upturn, others may be in the downturn. This is not a zero-sum game, but money allocation is and benefits to US bond as well as stock market. Phil

To: Richard Habib who wrote (17375)	8/28/1998 9:24:00 PM
From: Marc Newman	Read Replies (2) \| Respond to of 213173

Richard, did you happen to catch Jerry Favors on CNBC right before the closing bell? When pressed by Ron Insana, Favors admitted that his Dow target is around 6600. But what was really amusing was the look on Favors' face. It was like he was trying to stifle either a giggle or his embarrassment. Half his mouth turned sideways, almost walrus-like with the mustache. (I like the guy, btw.) <<Ever occur to you that most 3rd world countries are net sellers of commodities? What happens when countries that depend on commodity prices lose a significant percentage of they're GDP?>> Doesn't this mean we get to buy the rest of the world on the cheap? Unlike say the Japanese paying top dollar for US properties in 1989? Not saying it offsets anything, but its not all negative. Cramer keeps maintaining that Citicorp is going to use this opportunity to become king of the hill internationally along with the rest of our banks. On the pc-side, it means that Apple's components keep getting cheaper. Maybe the $999 iMac will happen by Christmas after all. I like Apple a lot more at these prices than I did at $40+. I can see decent upside again. When things settle down. Keep the info flowing, Marc