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Technology Stocks : Altera
ALTR 53.61+1.3%Jul 7 5:00 PM EST
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To: Cynic 2005 who wrote (414)10/2/1996 12:46:00 PM
From: Vikas   of 2389
 
Mohan,

I don't invest in either Xilinx or Altera, but would not be a
bit surprised is they continued to gain this quarter. 3 months
ago, companies who reported good results slid with the rest
of the industry. Now, even a bad report from Xilinx isn't doing
much harm. Attitude on the Street has definitely changed. And
although fundamentals are the key to picking good companies, this
"attitude" is what oftentimes determines stock performance. Last
quarters, companies reported good results fell with the rest and
companies reported bad results got hammered. This quarter, companies
reporting bad results may continue to gain momentum with the rest
of the tech stocks, and those companies which report at or above
estimates are going to soar (take a look at RMDY today). Be
careful shorting during the next 3 months...

Vikas
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