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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16565)	9/30/1998 6:17:00 AM
From: Link Lady	Read Replies (3) \| Respond to of 18056

Hi John Is nortel still on your radar screen? What do you make of this article and how long do you think implications will be in force(term of negative effect in investors minds)? Will NTL go lower is this pretty much bottom? ''Investors are not accepting slower revenue growth,'' Brown Brothers' Wilkes said. ''It's difficult to sustain earnings growth without revenue growth.'' Northern Telecom is expected to earn 38 cents a diluted share in the third quarter, 76 cents in the fourth quarter and $1.83 in the full year, according to analysts polled by First Call Corp. news.com

To: John Hunt who wrote (16565)	9/30/1998 6:22:00 AM
From: Link Lady	Respond to of 18056

Are we seeing fear in the markets yet. I'd like to see the bottom of this. >>Japan May Slide Deeper Into Recession; Key Survey Tomorrow Japan may be sliding deeper into its worst recession since World War II, delaying any hopes for a recovery in the rest of Asia's battered economies. Today more grim economic figures were unveiled about the world's second-largest economy: Industrial output fell 0.6 in August from July -- the sixth drop in seven months -- as demand for automobiles, computer chips and steel dried up at home and in the rest of Asia. Sales at large Japanese retailers fell 5.1 percent from a year ago, worse than economists expected. Scores of Japan's biggest companies -- from Nissho Iwai Corp. to Nippon Steel Co. -- are slashing earnings forecasts and the government may soon officially declare the economy will shrink for a second fiscal year. (NI ECO)<< news.com >>Japanese Banks' Funding Costs Rise as Government Action Delayed As Japanese politicians edge toward enacting legislation to revive the nation's banking industry, investors and lenders are putting the squeeze on the companies they see as most vulnerable to a mountain of problem loans and an economy in recession. Lines of credit are drying up for many Japanese banks, while some companies are being charged four times more than others to borrow money overnight, analysts said. Lenders with low credit ratings are paying almost twice as much on three-month certificates of deposit as those with higher ratings, as investors demand more in return for higher perceived risk, traders said. And ''only three or four'' Japanese banks are still able to borrow in overseas markets, Japan's central bank governor said earlier this month. (NI JBANK)<<