To my way off thinking, the CPQ warning is only good news for SEEK and all the other internet stocks.............this is going to free up a lot of money that has to be invested somewhere..............where else but this years hottest sector. Excerpts from a DJ news item:
Internet Stks Still Climbing As Investors Shift Tech Hldgs
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NEW YORK (Dow Jones)--Internet stocks were still on fire Friday, as high-tech investors continued to reshuffle their holdings, moving their money into Web-related companies from computer-hardware stocks.
"Despite Intel Corp.'s (INTC) disappointment, investors are still looking for ways to play in the highest growth industries," said analyst Paul Noglows of Hambrecht & Quist Inc. "Money isn't leaving the tech sector, it's just shifting (into Internet stocks)."
The appeal of such shares lies in the growth opportunities associated with advertising and commerce on the Web, he added.
Other Internet search engine companies continued to chug upward. Lycos Inc. (LCOS) edged up 1 1/4, or 3%, to 43 3/8; Excite Inc. (XCIT) rose 2, or 4.3%, to 48 7/16; and Infoseek Corp. (SEEK) gained 27/32, or 4.8%, at 18 3/8.
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I see know reason that the CPQ problem won't mean more $$$ into the internet hi flyers..........SEEK being one of those with the most potential...........another thing Dell is about to split.......this willm, especially after cpq warning also put some money into our SEEK. If i had held Dell I would take a large chunk of profits and place it someplace else until the compter shaeout settles.
All in all, I can think of no place I would rather have my money than SEEK on Monday...........& maybe buy some more..........the next few months look very good for us........................ |
