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To: Yargnad who wrote (36586)11/14/1998 11:59:00 PM
From: Night Writer  Read Replies (1) | Respond to of 97611
 
I think this short article just about sums up the coming week. I'm trying to remember what the market did the last time the Middle East had problems.
NW
TREADING WATER...

In a relatively lightly traded Friday, the DOW rose 89.85 points, or 1.0
percent, to 8,919.59. Investors had their eyes glued today to the Middle East
situation, as well as, any hints to what Greenspan and the Fed will do at next
week's meeting. Will the Fed decide to cut rates with the uncertainty of war
with Saddam looming in the background- I doubt it. For the week, the Dow sank
55.87 points, or 0.6 percent.



To: Yargnad who wrote (36586)11/15/1998 12:05:00 AM
From: Night Writer  Read Replies (1) | Respond to of 97611
 
***Slightly OT****
Ever think about buying some oil stock while it is down?
NW
A Look at the Week in Business

.c The Associated Press

By KAREN SCHWARTZ

Computer makers are still making money; oil companies scale back amid lean times, and the economy keeps chugging along.

A look at what happened in business this past week:

COMPUTER COMEBACK

Dell Computer Corp.'s@ strategy of selling computers directly over the Internet continued to pay off as its third-quarter profits jumped 55 percent. The direct-sales approach is so successful that rival ^Compaq Computer Corp.@ said it will bypass distributors to start selling a new line of desktop computers directly to customers.

Intel Corp.@ reported its fourth-quarter sales would exceed Wall Street forecasts because of surprisingly strong demand for personal computers that use its microprocessor chips. Intel is considered by many market watchers to be a barometer of trends in computer hardware and software.

The results will be released in January. Intel expects revenues to be 13 percent higher than a year earlier.