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Strategies & Market Trends : Guidance and Visibility

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: keithcray who wrote (5200)	7/12/2001 6:52:39 AM
From: keithcray	Read Replies (3) of 208838

France’s STMMicroelectronics said that profits and sales should increase in the fourth quarter. 06:22 ET European Markets : FTSE +1.90%, DAX +1.87% -- European stocks higher with most bourses up more than 1.5% today. Markets up for the first time in eight sessions. Support coming from better than expected news from both Microsoft and Motorola. Closer to home, France’s STMMicroelectronics said that profits and sales should increase in the fourth quarter. Banks also faring well, reversing yesterday’s losses with the Goldman upgrade of Deutsche Bank. Blue chips such as Nokia, SAP, Marconi and Alcatel all seeing better buying interest. Diageo hit by weak sales at its Burger King unit on the back of dampened beef demand. Plenty of skepticism surrounding the sustainability of today’s gains. Fund managers still hesitant to put cash to work.

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