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Technology Stocks : Reliability Inc (REAL)
REAL 16.22+4.1%12:59 PM EST

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To: Mats Ericsson who wrote (534)3/14/2000 5:43:00 PM
From: Mats Ericsson   of 542
 
Dram prizes...Merill Lynch

12:00 ET Dow +4, Nasdaq +3, S&P -1.02: The market opened with a full head of steam as the S&P futures indicated a strong open for the Dow and Nasdaq... No doubt, a strong open in tech stocks propelled by the Dow and Nasdaq higher, as financials and select drug stocks also participated in the rally... However, as has been the custom lately, selling emerged among the blue chips that knocked the Dow off its early morning high... This initial wave of selling also caused the Nasdaq to trim its gains, though for the most part, the Nasdaq traded with a gain of 60 points or more through much of the morning session...

Chips stocks were again sought after following Merrill Lynch and Salomon Smith Barney making positive comments about Micron Technology and DRAM spot prices... Merrill Lynch was also positive on SanDisk (SNDK +19 3/4) and Atmel (ATML +4 1/2)... The internet sector also received help from Inktomi (INKT +24 1/8) after the caching software company announced an initiative to deliver infrastructure software to wireless network operators...

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