SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Craig Lieberman who wrote (76663)11/5/1998 6:33:00 AM
From: Dorine Essey  Respond to of 176387
 
Craig,
Nice to hear those posative comments.
OT. Found this on another thread, thought i'd pass on a little humor to get us through this week.

IT'S TIME TO TURN YOUR COMPUTER OFF & READ A BOOK WHEN...
1. You wake up at 3 am to go to the bathroom and stop to check your
E-mail on the way back to bed.

2. You name your children Eudora, DELL and dotcom.

3. You turn off your modem and get this awful empty feeling, as if
you just pulled the plug on a loved one.

4. You spend half of the plane trip with your laptop on your
lap...and your child in the overhead compartment.

5. You decide to stay in college for an additional year or two, just
for the free internet access.

6. You laugh at people with 14.4-baud modems.

7. You start using smileys in your snail mail.

8. You find yourself typing "com" after every period when using a word
processor.com

9. You can't call your mother...she doesn't have a modem.

10. You check your mail. It says "no new messages." So you check it again.

11. You don't know what gender three of your closest friends are,
because they have neutral screennames and you never bothered to ask.

12. You move into a new house and decide to Netscape before you Landscape.

13. You tell the cab driver you live at: 1000.garden

14. You start tilting your head sideways to smile.

15. After reading this message, you immediately e-mail it to a friend.

Dorine



To: Craig Lieberman who wrote (76663)11/5/1998 8:54:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Breaking News- Bank of England cuts interest rate more than expected.

Craig:

Here is some good news to go with the morning coffee.

==================================
Source:Excerpts from Bloomberg

Top News
Thu, 5 Nov 1998, 8:44am EST


11/5 Bank of England Cuts Benchmark Rate More-Than-Expected Half-Point to 6.75%


London, Nov. 5 (Bloomberg) -- The Bank of England surprised
investors by chopping its benchmark interest rate a greater-than-
expected 50 basis points to 6.75 percent, the second cut in a
month, saying it expects lower growth and inflation next year.

The move follows cuts this week by Spain, Portugal and
Sweden and by Denmark today, and reflects recession in Asia and
Russia as well as a weaker domestic economy, the bank said.


This is the first time the bank has changed borrowing costs
by as much as half a point since gaining independence in May,
1997, taking the rate to its lowest since Aug. 1997, and
indicates it is more concerned about growth than many thought.
''They're clearly worried by the economic environment and
have taken a more dramatic step than usual to prevent that
deterioration from gathering speed,'' said Keith Edmonds, chief
analyst at IBJ International in London.

Today's move, the first half-point move since the central
bank raised the rate 50 basis points in Feb. 1995, comes as the
Bundesbank rebuffed pressure from German Finance Minister Oskar
Lafontaine, who attended today's Bundesbank central council
meeting, to cut its 3.30 benchmark rate, the lowest in Europe
bar Switzerland and Austria.

Analysts now expect the Bundesbank to resist any further
political pressure and leave cuts in borrowing costs to the
European Central Bank next year.

Federal Reserve Lead

The U.K. reduction, which overturns the central bank's
practice of changing rates in quarter-point moves since May,
1997, was immediately followed by similar cuts in base rates by
leading U.K. commercial banks, including Barclays Plc, National
Westminster Bank Plc and Lloyds TSB Group Plc, which all cut
half a point to 6.75 percent.

It follows a quarter-point cut by the U.S. Federal Reserve
Board three weeks ago prompted by recession in Asia and Russia
and fears of a world economic slowdown. While all 18 economists
surveyed by Bloomberg News expected the U.K. central bank to
lower its benchmark rate, only Goldman Sachs predicted a half
point reduction.

Today's larger-than-expected move pushed the pound down to
2.7491 deutsche marks from 2.7681 earlier today and drove the
yield on the government's 10-year benchmark bond to down 2 basis
points to 5.02 percent.............