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To: stockman_scott who wrote (115215)	4/8/1999 2:32:00 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 176387

scott....OT...PCNTF...up up and away,....15+ ...great call....just watching....Tim

To: stockman_scott who wrote (115215)	4/8/1999 3:17:00 PM
From: Mohan Marette	Respond to of 176387

<European Economy> ECB cuts interest rate. Scott: Here is a bit of good news from EU,now that is the second one cut today the other one being Bank of England. ========== European Central Bank Cuts Benchmark Rate to 2.5% to Spur Flagging Growth Frankfurt, April 8 (Bloomberg) -- The European Central Bank reduced its benchmark interest rate by a more-than-expected 50 basis points, its first cut since the euro's introduction, to spur slowing economic growth in the 11-nation region. The euro region's central bank cut its refinancing rate to 2.50 percent from 3.00 percent. The ECB cut its deposit rate to 1.50 percent from 2.00 percent and reduced its marginal-lending rate to 3.50 from 4.50 percent. The Bank of England also lowered interest rates today after growth in Europe's third-largest economy virtually ground to a halt. Lower borrowing costs could boost consumer and corporate spending and may lead to weaker European currencies, making exports more competitive, economists say. ''Interest rates are too high,'' said Jean-Philippe Dauvin, chief economist at STMicroelectronics, Europe's second-biggest semiconductor maker, adding that a reduction was needed to encourage spending. The ECB had been under pressure for months to reduce interest rates, as falling exports to recession-battered Asia and Latin America darkened the outlook for economic growth. Economists, however, were divided on the likelihood of a rate cut today because the euro has dropped some 8 percent against the dollar this year, raising the cost of imported products. Those who did expect a rate cut estimated it would be no more than 25 basis points. ........<continued>

To: stockman_scott who wrote (115215)	4/8/1999 10:21:00 PM
From: Mohan Marette	Respond to of 176387

China-Computer Headline News. Scott: In case you are interested in this sort of thing. =================== Legend Cuts PC Prices up to 13% in Latest Price War Salvo (4/2/1999) Wideband IP Network to Speed Up China's Information Highway (4/2/1999) China Hewlett Packard to Offer Discount PCs in China (3/30/1999) No New Products Made 1999 Comdex China a Bore (3/30/1999) New Computer-Like Products Will Not Make PCs Obsolete, Legend VP Says (3/29/1999) 1999 Beijing International Computer & Internet Expo Scheduled for August (3/29/99) Internet Stocks Still Not Hot in China (3/29/1999) Shanghai Company Launches WebTV Product (3/26/1999) China Develops a Computer Operating System to Battle Windows CE (3/26/1999) CDMA Makers in the U.S. See No Progress in China – Yet (3/26/1999)