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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (15785)	1/17/2003 5:38:28 PM
From: stockman_scott	Read Replies (1) of 57684

I wonder if Goldman was short software and storage stocks when they released their report this morning <G>... 7:26AM Software and Storage groups downgraded at Goldman: Goldman Sachs downgrades both the Software sector and the Enterprise Systems/Storage sector to Cautious from Neutral. In addition, firm removes Microsoft from the Current Investment List (maintains Outperform rating). For the Software group, firm cites 44% rally off Oct lows. With stocks and valuations up and much of the Q4 good news already reflected in the stocks, firm recommending that investors adopt a more cautious posture on the group. Also had hoped to see MSFT and IBM show greater upside and give a boost to tech sentiment. With respect to Enterprise/Storage, firm cites its belief that tech is not yet in recovery mode.

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