To: Gorak Shep who wrote (3668 ) 9/16/1999 10:08:00 AM From: Thomas G. Busillo Read Replies (1) | Respond to
Gorak, re: Maria B. - it's not what she says. It's how exciting she can make it in order to reinforce her own importance in the minds of viewers.CNBC 9/15/99 - 8:52:57 AM .....and said we're not going to announce a short-fall, won't announce weaker than expected earnings, sure enough yesterday revenue was light, the stock is looking down big time, closed yesterday at 45 7/16. Last trade through instinet, 40 5/8. Meanwhile, semis still smoking, i mentioned the group before the break. Semiconductor stocks have been on fire. Yesterday micron technology up more than 6 as i reported, weeks ago, chip prices continue to rise, and if you got on board, only a month ago, you've made a ton of money in these stocks. Late yesterday, montgomery securities had a midday call which i roared on "street signs" at 2:00 P.M. Eastern, every day i do a midday call like i do the research in the morning, many firms do research in the afternoon, 2:00 P.M. Eastern. At that time, actually closer to 3:00, Montgomery lifted the target price on micron technology to 150 dollars a share, we are expecting further strength in micron technology stock today, again because prices rose again overnight in taiwan. Dlj out with a note on chip prices today, here's what they're saying: Buyers reluctant to procure more product at a price level above $15 for the dram 64 megabyte chip what we're talking about, dram chips, memory chips. Before the stock, they're saying buyers reluctant to pro you kur more product at a price level above 15 before the stock acquired during the recent rally runs out. The analyst there says we expect old dealer inventories of dram modules to be cleared out of the market over the next couple weeks, paving the way for further price increases of loose dram chips to the end of the month. Their sources at dlj telling them that the taiwan market is going to see drams reach the 16 to $17 level in october. What a run for micron technology, up nearly 200% over the past year or so. Watch the stock today. CNBC 9/16/99 - 8:54:36 AM .....earnings per shay growth 10%. All of those three banks did speak at the merrill lynch financial services conference, could see movement on the heels of presentations yesterday. On to technology, what happened to the semiconductor stocks yesterday? Fell apart after huge moves upward over the past six months or so. Micron down $5, others financialed suit. People saying tired after the huge run ups we were seeing. Not lehman brothers, those, they come out and lift of the target price on national semiconductor, lift to a $45 target. Reiterated buy. The fundamental are strong and results of first quarter fiscal 2000 are the profit of 25 cents per share, including the one time gain of the fairchild semiconductor stocks 24 cents per share. Execute -- excluding the fairchild gain, the company reportedded profit of 1 cent a share. National semi, down yesterday, lifting target to $45 a share. Ap tell computer -- apple computer spoken but, j.P. Morgan take that target up to $90 a share. And merrill reiterate as buy on time warner, stay with us, back for more. Mark: Floyd is now a familiar name along the southeastern u.S. The storm is pounding the coastline, costing millions of dollars in damage. >>> We're waiting for more data from the economic front. Industrial production and capacity utilization reports ..... tveyes.com (I don't have the specific links, but its a great site for keeping on top of CNBC "reporting").As solo anchor of CNBC's first hour of "Street Signs" (2-3 p.m. ET) and co-anchor of "Market Wrap II" (5-6 p.m. ET), Bartiromo sets the standard for business news programming throughout America and the world... cnbc.com
