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

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: Kent Rattey who wrote (7043)	2/6/2001 9:20:31 PM
From: Cooters	Read Replies (1) of 197157

Tokai Tokyo's Nakai on Outlook for Japan Stocks, NTT: Comment --From AOL. Caught my eye with the mention of Yozan.-- Cooters Tokyo, Feb. 7 (Bloomberg) -- Hiroyuki Nakai, a manager and strategist at Tokai Tokyo Securities comments on stock market trends this week and technology stocks such as NTT DoCoMo Inc. On short-term direction of market after U.S. earnings results: ``Attention is shifting away from the U.S. news. The market is waiting to see if there will be any change in monetary policy Friday (when the BOJ policy board meets). I don't expect any loosening. Investors will sell more out of disappointment that there's no relief. This will continue at least through next week. We might see some government proposal to bail out falling stock prices but the drop now is because investors are getting out of Japan. Japan needs financial reform. We saw capital rushing in during 1998 and again around Feb. 1999 on sentiment that things are changing. That's receded. The market will remain unstable and stuck in a 13,000 yen to 14,000 yen box.'' On investing in companies even as U.S. demand may cool: ``On technology companies, watch their third-quarter results. You can't be optimistic though. Think of these as long-term buys. In some cases like Coyer, a consideration is new products in the pipeline. Key factors are advanced technology like broadband and nanotechnology. I'd look at Pioneer and Yozan for building a leading position in W-CDMA. The market is looking at NTT DoCoMo with hope for its new service starting in May. The new share sale is over so now the stock's moving on hopes for the system change. DoCoMo's an IT company that isn't affected by the U.S. If you look at fundamentals, the company is good. It was just oversold earlier.'' Feb/06/2001 21:05 ET

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