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Technology Stocks : Intel Corporation (INTC)
INTC 36.78+2.7%Nov 26 3:59 PM EST

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To: Gregory S. Wagner who wrote (84771)7/1/1999 3:17:00 PM
From: L. Adam Latham   of 186894
 
Greg:

Re: What's behind the rally. Is it a "sucker" rally or is there something going on? I'd appreciate any comment. I'm a long.

Most likely caused by Lehman Brothers (from TSC midday news):

Thursday's Midday Movers

By Heather Moore
Staff Reporter

Members of Lehman Brothers' (LEH:NYSE) "10 Uncommon Values" stock list were benefiting solidly from being anointed as such. (TheStreet.com looked at the absence of traditional value names on the list of values in an earlier piece.)

o America Online (AOL:NYSE) was up 4 1/8 to 114 1/8.
o AT&T (T:NYSE) was up 1 13/16 to 57 5/8.
o Firstar (FSR:NYSE) was up 15/16 to 28 15/16.
o Ford (F:NYSE) was up 1 3/8 to 57 13/16.
o General Instrument (GIC:NYSE) was up 1 5/8 to 44 1/8.
o Intel (INTC:Nasdaq) was up 1 7/8 to 61 1/2.
o KLA-Tencor (KLAC:Nasdaq) was up 5 1/8, or 7.9%, to 69 15/16.
o Eli Lilly (LLY:NYSE) was up 2 5/16 to 73 15/16.
o Microsoft (MSFT:Nasdaq) was up 3/16 to 90 1/2.
o Tyco International (TYC:NYSE) was up 1 1/8 to 95 7/8.

Adam
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