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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tom Simpson who wrote (7124)	9/23/1999 7:17:00 PM
From: Sam	Read Replies (3) \| Respond to of 9256

Hey Tom, Glad to hear from you. It sure has been awhile. Hope you've still got a little Adobe, I sold almost all of mine a couple of years ago before this huge rise, though I've kept a couple hundred shares for sentimental reasons, I spent way too much time using their software to ditch them entirely. Anyway, yeah, I've got a fair bit of cash, percentagewise much more today than I did yesterday! But my guess is we'll see more of this before it gets better. October is around the corner. Hope you post more often. Best wishes, Sam

To: Tom Simpson who wrote (7124)	9/23/1999 11:03:00 PM
From: TEMFASSBAL	Read Replies (1) \| Respond to of 9256

Hey Tom Welcome back...didn't know if you were still invested in this sector???...glad to see you're still holding your HTCH...me thinks about Feb/March you'll be real happy you have it. Tim

To: Tom Simpson who wrote (7124)	9/24/1999 9:44:00 AM
From: Mark Oliver	Read Replies (3) \| Respond to of 9256

Tom, welcome back. Looks like it's not a bad time to have cash? Regards, Mark Late-day PC, chip selloff SG Cowen voices concern following Taiwan quake By Janet Haney, CBS MarketWatch Last Update: 4:46 PM ET Sep 23, 1999 NEW YORK (CBS.MW) -- Major hardware players such as Intel, Gateway, Apple and Micron Technology still felt the effects of the Taiwan earthquake Thursday as shares got hit hard on SG Cowen's cautious comments. The Goldman Sachs Computer Hardware Index was 4.8 percent lower. The Philadelphia Semiconductor Index fell 5.5 percent. "Obviously the PC market is the most exposed to any kind of shortfall in Taiwan," Drew Peck, an analyst at SG Cowen, told CBS.MarketWatch.com. "We already -- even prior to the earthquake -- were basically soldout in the PC market. There wasn't a chipset to be found anywhere. So that any shortfall in production is going to be felt almost directly in Q4." Peck sees a production shortfall of at least 15 percent or more in the industry. Meanwhile, Gateway (GTW: news, msgs) shares dropped 11 percent after Merrill analysts Steve Fortuna and Kumar Cidambi said they feel the PC maker faces pricing and margin pressure. See full story. "Going forward, we believe it could be difficult for Gateway to maintain its stride on all fronts, i.e. PC unit growth . . . and after-market sales growth," Fortuna wrote in a research note. Shares fell 5 3/16 to 43 3/8. Most other computer shares also fell: Apple Computer (AAPL: news, msgs) dropped 7 to 63 5/16, Compaq (CPQ: news, msgs) slipped 5/8 to 22 13/16 and Dell Computer (DELL: news, msgs) fell 3 1/16 to 43. Hewlett-Packard (HWP: news, msgs) lost 4 5/16 to 94 3/8. Intel (INTC: news, msgs) dropped 5 5/16 to 77 1/2 and rival Advanced Micro Devices (AMD: news, msgs) shed 1 11/16 to 17 1/4. "It looks like it's going to be very difficult for Q4 to show the explosive upside that I had anticipated for Intel or for that matter, any of the other PC-dependent companies," Peck added. "I did not cut my numbers on Intel . . . but I expect that I'll have to because any of this production has to come off of Intel and for that matter the PC retailers, the PC manufacturers, the chipset makers, you know, everyone who sells in this business is going to feel this." Other chip and chip equipment makers also dropped: Altera (ALTR: news, msgs) was lower at 43 1/2, Applied Materials (AMAT: news, msgs) lost 4 13/16 to 78 7/8 and National Semiconductor (NSM: news, msgs) fell 1 7/8 to 32 1/4. IBM said it's shipped 1 million of its copper Power PC chips to date, as well as to talk of plans for a new chip that's faster than its quickest Power PC processor. The company's upcoming Power PC 440 is three times faster than the company's copper chip introduced last year. It will operate at 550 megahertz and will be able to perform 1 billion calculations a second. See full story. Big Blue (IBM: news, msgs) was down 3 3/16 to 122.