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To: Kayaker who wrote (94248)	2/2/1999 9:28:00 PM
From: Mohan Marette	Respond to of 176387

European Computer market-Interesting stats just in from Dataquest. London, Feb. 3 - European personal-computer sales grew 21.6 percent in the fourth quarter of 1998 and 23 percent for the year as robust consumer demand made Europe the world's fastest-growing PC market, Dataquest Inc. said. ............. Sales rose to 9 million units in the three months to Dec. 31 from 7.4 million units in the year-earlier period. Western European sales rose 27.2 percent to 8.3 million units in the period, while Eastern European sales fell 20.4 percent. ............... Sales to consumers rose 45 percent, spurred by lower prices, the Internet's growing popularity and incentives such as employee-purchase schemes. Corporate sales increased 14 percent, helped by spending on preparing computers for the year 2000 and the European single currency. ''It's the consumer market that's driving the overall growth,'' said Philip Williams, a PC analyst at Dataquest Inc. .............. Williams said computer makers were moving into higher-end server and notebook models, as well as different countries, to compensate for a 20 percent decline in the price of an entry- level PC. Williams added U.S. sales rose 19 percent in 1998... ......... Dell Computer Corp., the No. 1 direct PC seller, ranked third, benefiting from strong sales in Scandinavia, where employee-purchase schemes fueled growth. It gained 1.8 percent for a 7.3 percent market share. .......... Germany led other countries in the number of computers sold, while Sweden led in terms of sales percentage increase. German fourth-quarter sales rose 29 percent to 1.92 million units. The U.K. followed with a 21 percent increase to 1.39 million. French sales rose 27 percent to 1.33 million. Swedish sales grew 69 percent to 514,535 units. Russian sales fell 47 percent to 287,551 units.

To: Kayaker who wrote (94248)	2/2/1999 9:40:00 PM
From: BGR	Respond to of 176387

<OT> Bob, With all due respect, I think that you are being unfair towards fiancial academicians in general and Scholes in particular. Scholes didn't have sole responsibility for running the fund, Merriwether was there too. Now here's a grand old Wall Street veteran! Of course he cannot teach at Stanford as he doesn't have the credentials, but does that mean that he can do? And what about the years when Scholes was helping LTCM beat market indexes by a factor of 50% a year when the average mutual fund manager was losing to the index? One bad decision doesn't invalidate all of Scholes' market credentials. I am not going to go into his academic credentials as I do not consider myself knowledgeable enough to comment on that front. But his research in derivatives and risk management has generated enough economic benefits over the last 3 decades to more than compensate for the economic costs of the LTCM debacle. -Apratim.