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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (62783)	6/9/1999 11:59:00 PM
From: Captain Jack	Read Replies (2) \| Respond to of 97611

El pay particular attention to the last sentence. Hardware Stocks Hardware up on big deal, comments Chip stocks gain on optimistic growth report By Janet Haney, CBS MarketWatch Last Update: 6:50 PM ET Jun 9, 1999 NewsWatch Tech Report NEW YORK (CBS.MW) -- Hardware stocks pushed higher Wednesday, led by gains from Motorola, LSI Logic and Texas Instruments after the Semiconductor Industry Association forecast a 12 percent surge in 1999 chip sales. A revised report from Semiconductor Industry Association predicted semiconductor sales in 1999 will grow by 12 percent to $140.8 billion, faster than October's forecast of 9 percent. "1999 will be the first double digit year at 12.1 percent growth since the 41.7 percent spurt in 1995," said Wilfred Corrigan, LSI Logic's chief executive officer in a statement. "The industry has just emerged from an unprecedented three-year slowdown." The Philadelphia Semiconductor Index climbed 4.4 percent with Motorola (MOT: news, msgs) shares up 5/8 to 84 11/16, LSI Logic (LSI: news, msgs) up 1 1/2 to 41 1/16 and Texas Instruments (TXN: news, msgs) up 6 3/8 to 123 3/8. "The SIA clearly has underestimated the growth in the semiconductor industry this year and the dynamics are turning very favorable toward the chip manufacturers right now," Richard Faust, vice president at Adams, Harkness & Hill told CBS MarketWatch. The SIA said it expects that Internet usage will boost demand for computer and communications chips. With the revised forecast, the group sees sales in 2000 rising by about 15 percent to $162.5 billion. Under the revised forecast, SIA said sales of microprocessor chips are expected to increase 16 percent this year, while sales of dynamic random access memory chips are expected to rise 25 percent. Other chip makers also rose. Micron Technology (MU: news, msgs) jumped 3 15/16 to 43 1/8. Xilinx (XLNX: news, msgs) moved forward 3 9/16 to 49 1/16; Teradyne (TER: news, msgs) gained 3 to 63 3/4 and Altera (ALTR: news, msgs) rose 2 1/2 to 35. Intel shares (INTC: news, msgs) rose 1 7/16 to 53 1/8. Personal computer makers gained on a new alliance and positive comments from a Dell executive. The Goldman Sachs Computer Hardware Index advanced 1.9 percent after getting slammed Tuesday. Shares of Sun Microsystems (SUNW: news, msgs) rose 2 3/4 to 61 15/16 afternoon after the company said it inked a 10-year, $1 billion deal with Motorola aimed at opening the way for data to flow over cell phones. See full story. Motorola shares rose 5/8 to 84 11/16. Shares of Dell Computer (DELL: news, msgs) gained 1 1/2 to 35 1/2. At the PaineWebber Growth & Technology conference in New York, Dell's Vice Chairman Kevin Rollins identified the company's push into the higher-end service, storage and workspace market, as well as its Internet strategy and international expansion plans as key growth drivers. He told fund managers he felt the company "can sustain superior growth rates" and that with regard to second quarter performance "we've seen that momentum continue frankly" from the first quarter. See Renegade Report. Among other PC gains: IBM (IBM: news, msgs) shares added 3/8 to 117. Apple (AAPL: news, msgs) shares rose 3/4 to 48 7/16. Bucking the trend, Compaq (CPQ: news, msgs) stock slipped 1/4 to 22 11/16.

To: Elwood P. Dowd who wrote (62783)	6/10/1999 6:03:00 AM
From: Mao II	Respond to of 97611

El: "If.....I'll be a happy camper." Just be sure to bring lots of warm clothes, canned goods, and dry matches. M2

To: Elwood P. Dowd who wrote (62783)	6/10/1999 6:05:00 AM
From: Mao II	Read Replies (3) \| Respond to of 97611

El: Why not sell some of those cans of pork and beans and buy some semis? Why not PRIA? Why not AMAT? Why not CYMI? For that matter, why wait for KompaK to act like LSI? Why not simply buy LSI!!!!!!! M2

To: Elwood P. Dowd who wrote (62783)	6/10/1999 7:49:00 AM
From: sheila rothstein	Read Replies (1) \| Respond to of 97611

El, you're the only CPQ poster I like and respect. Don't get depressed about the stock price. If the guy who's the top contender gets the job CPQ will be fine and the stock price will rise. I'm not worried and everyone I've talked to says CPQ will come back. Ira's bitter cause he sold at the bottom. Hang in and concentrate on your golf game. I'll let the thread know what I see and hear at PC EXPO. I own LSI and plan to keep it for a few years. Was sitting on a loss for a while with this too. SR