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Technology Stocks : ZORAN jpeg/dvd moguls

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To: Peter V who wrote (1436)	8/24/1999 8:04:00 AM
From: Greg McDaniel	of 1486

Well, I didn't pull the trigger last week when it showed up on my radar screens at 26+ Monday. And showed up Wednesday on another screening tool I use at 28+. It hits 35+ yesterday and shows up as a comment at wallstreetcity.com under their group rankings report this morning. Here is their excerpt.... Zoran Corporation (ZRAN) comes in third this week for the .ESE group with a 27 percent gain. The stock charted a new all-time high today at $35 1/8, but quickly fell to resistance from profit taking. ZRAN saw strong investor demand last week and may be overbought in the short term, however the stock has gained some 700 percent this year and its strong uptrend shows significant momentum and strength with its recent gains. During August, six insiders have sold significant portions of their holdings in ZRAN on the open market in a range between $23 7/8 and $26. This heavy insider selling may warrant further research into the intermediate-to-long-term prospects of this company.

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