Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: MskiHntr who wrote (25047)	11/21/1998 3:22:00 PM
From: joe	Respond to of 45548

Hi Joe, Yes, it's a beautiful Fall day here in Wash/Balt area also. Thanks for the beautiful picture of COMS. I already have the 3D color version encoded in the neural network in my brain. I am now thinking of other type of beautiful geometric curves...if you get my drift.<G> btw...don't you live in NYC? take care, joe

To: MskiHntr who wrote (25047)	11/21/1998 3:41:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Joe and all, here's something else to turbocharge your enthusiasm, even you strictly TA technicians: I smell network/telecom boom time coming up in '99-'00. The world will have more change in the next 5 years than the previous 25 years. 3Com will be a big part of that. POLL--Fed ease done in '98 but more eyed next year Reuters, Friday, November 20, 1998 at 17:45 By Dawn Xavier NEW YORK, Nov 20 (Reuters) - The Federal Reserve has finished cutting interest rates this year, but a majority of U.S. economists polled by Reuters expect at least one more easing to ward off potential economic slowing due to global turmoil. The Fed will monitor the impact of its three precautionary rate cuts since late September for a few months before altering policy again, most economists agreed. "There certainly is room for a cut, but I think that the Fed is more likely to wait for more information to see how the economy responds, see how the stabilization progresses," said Dan Seto, senior economist at Nikko Securities Co., who forecast a 25 basis point ease in February. Only one of 19 economists that specifically pinpointed a federal funds rate target in the Reuters poll believed the rate would be cut at the December 22 Federal Open Market Committee meeting. Three other economists said there was a chance the Fed might cut rates again this year. Twenty economists in all were surveyed in the poll. The minutes of the September 29 FOMC meeting, released Thursday, showed committee members believed mounting risks to the U.S. economy required action in order to calm financial markets. The FOMC voted to cut the target federal funds rate by 25 basis points in both September and November and agreed to a rare inter-meeting cut of 25 basis points on October 15. Fed funds now stand at 4.75 percent. In 1999, 17 of the economists in the Reuters poll targeted fed funds rates ranging from 3.00 percent to 5.00 percent. The clear majority, even those that eventually thought the Fed would adopt a tightening bias, were forecasting another easing move sometime early in the first half of the year. Ethan Harris, senior economist at Lehman Brothers Inc., was forecasting a slowdown in U.S. gross domestic product growth amid ongoing global economic troubles. "We still see the Fed having a lot of work to do" in terms of relaxing interest rates, Harris said, with a rate cut possible by year end and a low of 3.0 percent fed funds by fall of 1999. Consumers will play a role in shaping fed policy plans, in addition to the global scenario, several economists said. "Domestic consumption remains strong...once you see that consumption does slow down, we think that the Fed will start easing again," said Bill Quan, vice president and senior economist at Aubrey G. Lanston and Co. The Fed is, "focused on what the global financial economic situation will do to the domestic economy sometime next year," he said. The poll was conducted November 18-19. Full survey results follow: Fed Funds Rate DEC 22 1999 SCENARIOS FOMC ABN-AMRO 4.50-4.75% 4.25% by mid-year Aubrey G. Lanston 4.75 4.00-4.50 by late summer/fall Bear Stearns 4.50 -- BT Securities 4.75 Steady Barclay's Cap 4.75 No change; tightening bias CIBC Oppenheimer 4.75 Chance for a cut Citicorp 4.75 4.00 by summer CS First Boston 4.50-4.75 4.50 possible at Feb. FOMC Daiwa 4.75 4.50 possible at Feb. FOMC DLJ -- 4.50 in first quarter First Chicago 4.75 Steady, next move to tighten Goldman Sachs 4.75 4.00 by year end end JP Morgan 4.75 3.50 by mid-year Lehman Brothers 4.50-4.75 3.00 by fall Morgan Stanley 4.75 4.25 by Q1; 5.00 in Q4 Nationsbanc 4.75 4.50 by February, then steady Nikko Securities 4.75 4.50 by February Nomura 4.75 4.50 by February or March Paribas 4.75 4.50 by February;4.25 by Fall Zions First Bank 4.75 4.25 in first half ---------------------------------------------------------------# of respondents 19 19 Copyright 1998, Reuters News Service Market data is provided by Quote.com, Inc. By using this service, you agree to the terms