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To: D.J.Smyth who wrote (132240)	6/10/1999 11:01:00 AM
From: puborectalis	Respond to of 176387

Bear Stearns sees strong 2H for computer industry NEW YORK, June 10 (Reuters) - The computer industry should see a strong second half of 1999 after a selloff in early summer, Bear Stearns analyst Andrew Neff said Thursday. He said in a report that the strength should arise from the industry's shift to selling systems and solutions instead of ''boxes,'' or personal computers, alone and with a pickup in demand in Japan and the rest of Asia. Other factors spurring growth include the Internet and electronic commerce. The second quarter should show a typical seasonal dip in growth. The main risk to the industry is a ''pronounced slowdown in the U.S. and Europe,'' Neff said. He downplayed the effects of the Year 2000 computer bug, or the so-called Y2K problem. He said they would be short-lived and not catastrophic. ''When all is said and done, we see a near-term risk to stocks in early summer owing to Y2K-related jitters among investors'' along with their tendency to sell after quarterly results, he said. ''We believe any widespread selloff could create a tremendous buying opportunity.'' Neff made his comments in a summary of a quarterly report on the computer industry.