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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Gordon Quickstad who wrote (9980)3/28/1999 5:43:00 PM
From: P. Ramamoorthy   of 27311
 
Gordon - Re.: This week's Barron's article on 10K DOW
Earnings reports are expected to show a modest gain of 6-8%, according to First Call. The market's current expectation is disappointment in this qtr earnings. A modest surprise may help move the DOW up to the 10000 level. By the year end, problems like the y2k may create uncertainties which could cause volatility in the DOW. As you know, Goldman Sachs (A Cohen) predicts 10K DOW (revised slightly higher than last estimate) by the end of this year. Waiting to see. Ram
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