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Technology Stocks : Sony Corp - Sony -- Ignore unavailable to you. Want to Upgrade?

To: Money Maker (MM) who wrote (42)	3/12/1999 2:37:00 PM
From: Neil H	Respond to of 497

MM You are trying very hard to make some money off your SNE short. It is back in the green today. I think it will retrace too but will just buy more when it does. This is a great company that is just beginning its resurgence and will lead the JPN market back. Still valued very fairly even after current rise. Regards Neil

To: Money Maker (MM) who wrote (42)	3/14/1999 3:06:00 PM
From: bodie	Read Replies (1) \| Respond to of 497

Sunday March 14 12:45 AM ET Tokyo Stocks Seen Firm Despite Economy By Fiona Graham TOKYO (Reuters) - Tokyo's resurgent stock market is expected to hold firm this week as sales of cross shareholdings slow down and foreigners boost investment, offsetting a surprisingly severe economic contraction revealed Friday. Traders said lower interest rates would also support the market, which has posted strong gains recently. Friday, the benchmark Nikkei 225 average finished the week 3.99 percent higher at 15,488.86 points. Market analysts said the Nikkei would likely trade between 15,000 and 16,000 this week. Optimism after last week's rises, spurred in part by news that electronics maker Sony Corp (NYSE:SNE - news) would restructure, was tempered after the close of trade Friday. The Economic Planning Agency announced fourth-quarter gross domestic product had fallen 0.8 percent on the previous quarter. GDP was down 2.8 percent on a year earlier but analysts were divided as to how the data would impact trading. ''The GDP figures were weaker than expected. But leaving that aside, what has basically changed in the market?'' said Tatsuo Kurokawa, a manager at Nomura Securities. ''Interest rates are low, and from the middle of next week the unwinding of cross share-holdings that we have been seeing will finish and free the market up.'' The market has been held back recently by heavy selling as companies offloaded shares in affiliated companies to boost their balance sheets when the fiscal year ends on March 31. But some analysts said the GDP numbers could destabilize investor confidence. ''For the market as a whole, it's likely to have a dampening effect,'' said James Malcolm, economist at J.P. Morgan. ''People were just beginning to get on the psychological upswing with a number of good monthly indicators recently.'' Heavy foreign buying, spurred in part by hopes that Sony's restructuring would mark a shift in Japanese business practices, is likely to continue this week, analysts said. ''People are underweight on Japan and they are looking for somewhere other than New York and London to put their money,'' said Jeremy Markwick-Smith, dealer at Paribas Capital Markets. Investor interest in Japan was being driven not so much by a sense that the economy was recovering as by a desire to reduce portfolios' weightings toward other markets. Banking stocks, which climbed last week on optimism over the government's plan to pump 7.46 trillion yen (US$63 billion) into 15 institutions, are expected to stay firm this week. ''It is a big step in the right direction,'' said Paribas Capital's Markwick-Smith. Other factors in the market include these announcements: -- The January current account surplus at 8:50 a.m. JST (2350 GMT) Monday from the Ministry of Finance. -- The Economic Planning Agency's monthly economic report, Tuesday. -- Revised industrial output for January at 1:30 p.m. JST (0430 GMT) Tuesday from the Ministry of Trade and Industry. -- Customs-cleared trade data for February at 8:50 a.m. JST (2350 GMT) Thursday from the Ministry of Finance. -- The revised index of leading indicators for January at 2:00 p.m. JST (0500 GMT) Thursday from the Economic Planning Agency. ($1-119 yen) dailynews.yahoo.com