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Technology Stocks : Teradyne
TER 207.56+7.2%Jan 2 9:30 AM EST

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To: Yeadon who wrote (557)11/7/1997 9:19:00 AM
From: Jeff Goodman   of 1184
 
Check out the below note from today's (Friday's) InformationWeek e-mail update. Even though this market expansion at the low end was perceived as a _bad thing_ for computer stocks, does this not also imply more chips being sold? And more chips that need to be tested? And more testers that need to be purchased to handle the testing?

>2) Tech Stocks: Computer makers slipped after IBM said it
would offer three home PCs priced at less than $1,000 and
Compaq said it would cut prices on its Presario computers by
15% to 25%; Dell lost 2 5/8 to 81, Compaq slipped 1 1/2 to
65 7/16, Hewlett-Packard fell 1 5/16 to 63 5/8 and IBM lost
1 to 101 1/2; The Dow slumped 9.33 to 7683.24 and the Nasdaq
was off 13.70 to 1623.63.

Jeff
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