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To: Lee who wrote (84538)	12/10/1998 7:46:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 176387

Morning Lee and all... It looks like today will be the day...69++ i need it...I want it... this market's gonna rock!!!!!

To: Lee who wrote (84538)	12/10/1998 9:40:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

DELL REVAMPS ASIA-PACIFIC DIRECT SALES SITE Good morning Lee: BOE 50 bps rate cut,beautiful. Now here is a bit of news I picked up this morning on DELL Asia Pacific. =============================================== SINGAPORE, 1998 DEC 10 (Newsbytes) -- By Adam Creed, Newsbytes. Dell Computer Corp. [NASDAQ:DELL] has added features to its Asia-Pacific direct computer sales to help customers navigate the site and, hopefully, buy PCs over the Web more easily. Dell's Asia-Pacific Web site, dell.com , now includes a shopping cart, side-by-side comparison displays, a "best buy" feature that allows buyers to be made aware of best prices based on their required system configurations, and a help feature that sends e-mail to salespeople who follow up by telephone. "The Dell Internet store's substantial improvements are specifically designed to increase the effectiveness for our customers," said John J. Legere, president of Dell Asia-Pacific. Dell services its Asia-Pacific customers from manufcaturing facilities in Penang, Malaysia and Xiamen, China.

To: Lee who wrote (84538)	12/10/1998 11:28:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

DBS slashes its prime by half-point to 5.5% Hi Lee: Well I like this,you? ========================================================= Move accompanied by hefty cuts in deposit rates; other banks expected to follow By Ven Sreenivasan and R Sivanithy [SINGAPORE] After weeks of market expectations of an imminent interest rate cut, DBS Bank yesterday obliged, but the size of its cut came as a surprise. Singapore's leading bank slashed its prime rate by another half-point to 5.5 per cent. The latest move comes exactly three weeks after DBS took the lead by dropping its prime rate, also by half a point, to 6 per cent. The bank has now cut its lending rate five times in about three months -- lowering it by a total of two percentage points. DBS' rate cut is expected to spark another round of cuts by the other Big Four banks whose prime rates now stand at 6 per cent. The trend of lower interest rates has been driving the recent rally in Singapore share prices, particularly bank and finance stocks. The SES Finance Index yesterday surged 6 per cent, helping to push the benchmark Straits Times Index up 30.98 or 2.2 per cent to 1,424.59. DBS also announced yesterday hefty reductions in all its deposit rates. The reductions are larger than the cut in prime rates as DBS said it is pegging these rates to interbank rates for deposits of less than $50,000. Fixed deposits of one month will now earn 1.625 percentage points less, while deposits for two to five months have been reduced by 1.375 per cent, and six to nine month deposits will get 1 point less. The bank is also looking into reducing its housing loan rates. It currently offers a promotional housing loan at a rate of 6 per cent for three years, followed by 6.75 per cent for subsequent years. Even with the latest cut in prime rates, many analysts expect further downward pressure in the next few months as the closely-watched three-month interbank rate has remained stubbornly below the 2 per cent level. The Monetary Authority of Singapore's page on Reuter trading screens yesterday quoted the three-month rate at 1.875 per cent bid and 1.625 per cent offer. Tony Raza, Daiwa Institute of Research's banking analyst, sees local banks' prime lending rates dropping to 5 per cent by early next year, weighed down by falling interbank rates. "I have been saying banks will cut prime rates to between 5 and 5.5 per cent, but lately I have tended to lean towards 5 per cent," he said. "I'm looking at interbank rates averaging between 1.5 and 2 per cent next year." US brokers Goldman Sachs, Morgan Stanley and Salomon Smith Barney are three major names which have called a buy on the local market in the past two weeks. In a Dec 2 report, Salomon said that if interest rates remain at or near current levels, it "would not be surprised if the local market continued to surprise on the upside without valuations being unduly stretched". The Keppel group of companies was a focus yesterday in the stock market, with unconfirmed market talk that a foreign investor is to take a significant stake in Keppel Bank and that covered warrants are to be issued on the group's shares. KepBank jumps, Pg 15 (Business Times-Singapore)