K: I think the point of the comments I posted was simply that more phones sold=more RFMD chips=more RFMD revs & profits=higher RFMD share price. We are on the same wave length here, so to say.
On another, more short term front, this news item suggests caution, at least at the outset today.
Europe follows Asia, S&P futures south
Asian stock markets end lower; Nikkei falls on yen gains
By Gareth Vaughan and Bill Clifford,
CBS MarketWatch
Last Update: 6:49 AM ET Sep 2, 1999
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LONDON (CBS.MW) -- European stock markets dipped Thursday on
the back of weakness in Asian markets and the S&P futures. Weakness
in the S&P futures was pointing to falls on Wall Street later Thursday.
The S&P futures was last off 8.50 points at
1325.50 after the Dow Jones Industrial Average
posted a one percent gain Thursday.
"We are reacting to the S&P futures rather than
what happened in the U.S. Wednesday. Asia was
also weaker and the bond market is anything but
strong," said Matthias Jorse, Frankfurt-based
German equity strategist at BHF Bank.
London's FTSE 100 index shed 37.10 points to
6,239.10. Frankfurt's Xetra DAX declined 80.92
points, or 1.5 percent, to 5,236.20; and the Paris
CAC 40 slipped 49.33 points, or 1.1 percent, to
4,584.05. For London stocks see most active and
for other bourses see International Indexes.
Regards, M2 |
