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Strategies & Market Trends : Galapagos Islands

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To: Oral Roberts who wrote (14731)	12/2/2002 8:13:46 AM
From: Techplayer	Read Replies (1) of 57110

Oral, Dan niles has upgraded AMD and INTC stating that a forward PE of 35 and forward price to sales of 5.1 for INTC is cheap. Morgan Stanley has upgraded the wireless sector as well. Of course, they would have looked better doing that 7 weeks ago before AWE, PCS, NOK and NXTL were between 1/2 and 1/3 of present levels. CNBS had an interesting theory that the wireless upgrade could have something to do with the fact that Verizon and Cingular have IPO's in the wings and have been awaiting better valuations and sentiment for pushing forward with their offerings. I hope that you had a great Thanksgiving. Brian

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