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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Loki who wrote (32241)	9/3/1998 4:51:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Loki: Some market and CPQ comment below. Not to prolong this exchange, but in the context I used the phrase Russia's "cousins" are not other Russians living in England and not to contrast them with Russian immigrants to the USA (the only significant pockets of Russians I know living in England (London) are either the new Russian mafia, some runaway ballerinas and other artists, or some very ancient "White Russians" from the pre 1917 era). By "cousins" I mean those closely linked to Russia in all of the other European countries - in all the ways I described. You did not step on my nationalism because I don't have any. I gave you an a-nationalist analysis, to respond to what seemed to be a nationalist tone in your observations. I judged your remarks on their content and tone, not your place of birth. You say that not many would support my sentiments about Yeltsin - but the US establishment does! Personally, I would prefer Gorbachev. No doubt you will be in deep sleep as I write these words. Clinton has just arrived in Ireland. His contribution has been sensitive and intelligent and he can legitimately claim some credit for the remarkable progress presently being made. Unfortunately, European markets are looking a bit gloomy this morning - all down about 1.5 to 2.5%. Some concern about Wall Street's direction, but a general consensus that Wall Street was more overvalued than the UK and at a different stage in a business cycle than Germany, France and the Scandinavian countries. A very influential economists writing in the Times yesterday was of the opinion that the US markets will see a major break of 1987 proportions to bring their p/e ratios down to historical norms. But all the many other analysts I have listended to or read, continue to believe that this correction will be over soon, and subject to Japan recovering or stabilising, do not expect a major break. CPQ advertising like crazy in European media, especially the Armada Notebook. While the year so far has been marked by cancellation or freezing of chip manufacturing plants in Ireland, Wales and Scotland by Japanese and Korean firms, and some cut-backs by US firms, today saw one of those plants being taken over by another Japanese company and news that Lattice of the US are looking for a site for a new plant. There are signs of a bottom in the manufacturing of chips. Victor