Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 35.53

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Nov 14 9:30 AM EST

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To: Brian Malloy who wrote (25735)	4/1/2000 4:27:00 AM
From: William Hunt	of 27012

Sonny---S&P's McGovern: Expect 'Blowout' qtr by: Dow Jones Newswires -- March 31, 2000 Expect 'Blowout' Erns From Tech Leaders -S&P's McGovern Dow Jones Newswires NEW YORK -- The flight into safe-haven Dow stocks will dramatically reverse as semiconductor and other tech companies begin reporting "phenomenal" quarterly numbers, Standard & Poor's investment officer Brendan McGovern told CNBC Friday. "There's been a shift in the last month, and Nasdaq has been hit hard," he said. "But I certainly don't think it breaks a long-term trend in terms of leadership in the market. Tech will still be the name of the game going forward." Investors are merely parking money in safe-haven stocks like energy and utilities while they look for the next hot tech sector, McGovern said. The semiconductor segment will lead the charge, he said. "In two weeks all these companies will report phenomenal numbers. I think you'll see blow-out numbers across the board, and projections going forward will be strong as well." McGovern expects traditional names like Intel Inc. (INTC), Texas Instruments Inc. (TXN), Analog Devices Inc. (ADI) and Applied Materials Inc. (AMAT) to come out on top. He singled out Amkor Technologies Inc. (AMKR) as a good mid-cap issue. He said these companies stand to benefit from the current boom in outsourcing. -Katherine Hutchison; Dow Jones Newswires; 201-938-5394 -------------------------------------------------------------------------------- BEST WISHES BILL

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