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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/8/2001 3:57:00 PM
From: besttrader	of 37746

15:30 ET Dow -60, Nasdaq +18, S&P -3.37: [BRIEFING.COM] Late afternoon Nasdaq turnaround now qualifies as impressive. Seeing impressive late day rallies in networkers Ciena (CIEN 61.12 +5.84), Juniper (JNPR 58.84 +1.76); software companies CheckPoint Software (CHKP 67.21 +3.31), Veritas (VRTS 66.70 -0.61). Hot chips include Broadcom (BRCM 44.40 +2.11), Conexant (CNXT 11.45 +1.14), PMC-Sierra (PMCS 43.95 +4.64), Vitesse (VTSS 36.10 +2.35). Storage plays also getting in the action: Brocade (BRCD 46 +1.98), Emulex (EMLX 45.77 +2.60). Techs rallying into the close as sentiment increases that Cisco will report a stronger outlook. Traders positioning themselves ahead of a potential gap up at tomorrow's open on the Cisco release. See Briefing.com Story Stock for our take on what to expect for Cisco tonight. SOX +1.0%... NYSE Adv/Dec 1571/1444... Nasdaq Adv/Dec 2035/1761. Broadband Access Update : SG Cowen in their Tech Radar says Broadband is now outpacing DSL; firm cites Telecommunications Reports International showing rapid cable modem subscriber growth in Q1, increasing 18% q/q to $4.9 mln users; however DSL subscriber growth was significantly slower at just 2% y/y vs. +86% in q4; subscribers now total 2.4 mln users.

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