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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 39.36-0.1%Jan 5 3:59 PM EST
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To: Dennis who wrote (10052)9/22/1997 9:00:00 PM
From: Sonki   of 27012
 
Dennis: if you want to invest in Dell and feel it's overvalued, u should invest in fselx, and they will manage buying and dumping dells
at the right time for u.

IOM, Dell, IBM ....stocks in the news 4 u.
In other news, Barron's again set its sights on a couple of high-flying tech stocks... Last week the paper noted that Microsoft and a number of the
Internet companies were overvalued... The stocks sold off sharply Monday, only to work their way higher the rest of the week... So it wasn't much
of a surprise that this week's assault on Dell and Iomega produced a less dramatic response... While IOM slipped over one point, DELL shook off the
negative article and added over 2 points... Though we concur that DELL is overvalued, as long as the company continues to exceed market earnings
expectations, momentum investors will continue to bid the stock higher... This is one reason Briefing noted on this page Monday that the stock was
poised for a near-term run to the 105-110 level.

Finally, IBM flexed its muscle after a couple weeks of backing and filling... The stock shot ahead over 4 points on news that it would introduced a
new semiconductor which substitutes copper for aluminum, thereby making the chips faster and more powerful... The company expects to bring
the new chips to market in 1998... IBM's announcement also triggered sharp gains in the chip equipment industry.

With the market's tone having shifted from cautious to optimistic, look for the tech sector to exhibit a bullish bias for the remainder of the week.
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