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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Duker who wrote (32362)9/2/1999 9:52:00 AM
From: Jeffrey D  Read Replies (1) | Respond to of 70976
 
From A.G. Edwards. Jeff
<<
A.G. Edwards Strategist Sees Dow Industrials At 11,500 In 1999

09/02/1999
Dow Jones On Line
(Copyright ¸ 1999 Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Market strategist Al Goldman of A.G. Edwards sees the Dow Jones Industrial Average hitting 11,500 before the year's end.

In a CNBC interview Thursday, Goldman said he is buying growth stocks in anticipation of upward momentum on Wall Street.

He recommended technology stocks Applied Materials Inc. (AMAT) and Cisco Systems Inc. (CSCO), as well as Warner-Lambert Co. (WLA) and Ireland-based Elan Corp. PLC (ELN) in the pharmaceutical industry.

Goldman also likes Schlumberger Ltd. N.V. (SLB).

- Christine Nuzum



To: Duker who wrote (32362)9/2/1999 4:49:00 PM
From: Proud_Infidel  Respond to of 70976
 
Japan's Digital Camera Shipments Top 1 Million Units
September 2, 1999 (TOKYO) -- Shipments of digital still cameras by Japanese makers at home and abroad from April to June 1999 jumped by 46 percent over the prior year to 1.106 million units.



The survey released by the Japan Electronic Industry Development Association (JEIDA) also showed that revenues surged by 43 percent to 49.4 billion yen and sales in the Japanese market rose by 32 percent to 341,000 units, resulting in a 32 percent increase in revenues to 15.9 billion yen, JEIDA said. (109.17 yen = US$1)

New models of 2 mega pixels were introduced in rapid succession during the period, which contributed to the substantial increase.

JEIDA expects total shipments to increase by 32 percent to 4.2 million units and revenues to go up by 28 percent to 190 billion yen in fiscal 1999, which ends in March 2000, on the strength of anticipated growing exports to Asia, Europe and the United States.

JEIDA conducted the survey among 20 companies: Asahi Optical Co.; Eastman Kodak Japan Co.; Olympus Optical Co., Ltd.; Casio Computer Co.; Canon Inc.; Kyocera Corp.; Konica Corp.; Sanyo Electric Co., Ltd.; Sharp Corp.; Seiko Epson Corp.; Sony Corp.; Chinon Industries Inc.; Toshiba Corp.; Nikon Corp.; Hitachi Ltd.; Fuji Photo Film Co., Ltd.; Matsushita Electric Industrial Co., Ltd.; Matsushita-Kotobuki Electronics Industries Ltd.; Minolta Co., Ltd.; and Ricoh Co., Ltd.

(BizTech News Dept.)