Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	4/30/2001 8:44:25 AM
From: allen menglin chen	of 6873

SEBL, BVSN, CA, MU news today BVSN might be a good short around 6.5. briefing.com 08:33 ET Siebel Systems (SEBL) 45.70: USB Piper Jaffray initiates coverage with a BUY rating, calling company the leading e-business vendor. 08:15 ET BroadVision (BVSN) 5.51: Wal-Mart (WMT) signs a global enterprise site license to standardize on BroadVision's suite of e-business applications... BVSN shares trading at $5.70 in pre-market. 08:04 ET Micron Tech (MU) 44.07: CSFB reports that the DRAM market has continued to soften over the last several weeks, with quotes dropping to a new all-time low of about $3.45 late in the week; feels that any duration of spot prices at these levels will find OEMs pushing back on current contracts; sees stock limited to a trading range until substantive and consistent signs of a pick-up in end-markets. Firm continues to rate MU a Hold. 07:03 ET Computer Assoc (CA) 35.25: -- Update -- The accounting gimmicks referred to in the NY Times involves the booking of long-term maintenance revenues immediately, instead of over the life of the contract, in an attempt to prop up quarterly results. Article suggests that company is using its new model as a way to divert analysts' attention as it "unravels the mess it has created." 06:52 ET Computer Assoc (CA) 35.25: -- Update -- The NY Times article on Computer Associates reports that the company has used accounting tricks to systematically overstate its revenue and profits for years, citing more than a dozen former employees and independent industry analysts. Article states that CA's sales have fallen almost two-thirds over the past six months, which the company has attempted to cover up by presenting financial results in a way that confuses even the analysts who follow CA. Also reports that supplier IBM has accused company of overcharging for IBM products, resulting in IBM developing a rival product line. 06:46 ET Computer Assoc (CA) 35.25: Company to host a conference call at 8:30 ET to clarify "erroneous media reports" of company's financial position and new business model. CA is apparently responding to Sunday NY Times article questioning whether the company's growth was driven by accounting gimmicks. briefing.com

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