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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: Johnny Canuck who wrote (15682)4/27/1998 1:04:00 PM
From: Clint E.  Read Replies (2) of 68228
 
Hi Mr. Free at last. Hope you get to enjoy short days at work for a while.

Techie is staying home and she has not commented on this conf. yet.
News-wise, not a whole lot new could be coming out of this conf since
most companies have recently held CCs.

I listened to NT and shorted the stock!!! I covered today but may short again.

NT mgmt team was well prepared and knew exactly what WS will be concentrating on. Impressive preparation but I don't see the stock going anywhere for a while. They beat est. and maintained better-than-expected margins due to "favorable product mix" in the wireless and broadband and cost reduction programs BUT going forward they see cost reduction and new products to help top-line growth in the latter part of 2nd half. That's Q4. Also, the stock is expensive relative to its growth and with murky sales in the US(where they draw +50% of their revenue), nobody should be in any hurry to buy this stock unless it drops to low 50s.

Do You have LU's CC? I really like to listen to that one.

Take care;

Clint
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