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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 174.35

-0.4%

Dec 4 3:59 PM EST

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To: Caxton Rhodes who wrote (5690)	12/21/2000 11:09:35 AM
From: Caxton Rhodes	Read Replies (1) of 196830

Tanaka Growth Fund's Pres: Techs May Recover In New Year Dow Jones Newswires NEW YORK -- There may be some relief for technology stocks next year said Graham Tanaka, president of the Tanaka Growth Fund. In a CNBC interview Wednesday, Tanaka said many investors made big gains from technology and telecommunication stocks earlier in the year but as "the market fell apart in the last month and a half" tax-loss selling ensued. He expected the tax-loss selling to reverse, resulting in a "January effect" in which the market recovers and sees a bounce. In coming weeks, Tanaka expects the Federal Reserve to be accommodating to moderately stimulating for the market. He saw an unwinding in rate increases in January and through February. He believed companies would revive their capital spending and that could restart the digital revolution. Tanaka's top technology picks include Qualcomm Inc. (QCOM), Nextel Communications Inc. (NXTL), Intel Computer Corp. (INTC), ADC Telecommunications Inc. (ADCT). -Shaheen Pasha; Dow Jones Newswires 201-938-2312 shaheen.pasha@dowjones.com

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