Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (68135)	9/23/1999 6:52:00 PM
From: AurumRabosa	Read Replies (1) \| Respond to of 132070

This is Michael Murphy with a special Technology Investing Hotline after the close on Thursday, September 23, 1999. The Dow Jones Average fell more than 200 points today, tumbling below some very significant support at 10,466. I think this marks the beginning of the last leg down in the slump I've been expecting. Again, long-term investors do not need to disturb anything. Those of you who have been waiting to buy stocks or raise cash are going to get a chance here probably in the next 10 to 15 days. You will certainly hear two things. First of all, you will hear people start to say that we have entered a bear market, and that they are expecting it to take the DOW down 25% from its high. That would be down to about 8,500 or even down around 7,800 if it is a 30% decline. You will hear a lot of talk like that. I would not listen to that at this point. I do not think we have entered a bear market. You will also hear people talk about how technology stocks are overvalued, how they needed to get adjusted, and that this is the reason for this decline (which is partly true). The precipitating event that caused this was that Steve Ballmer, the President of Microsoft, said that he thought tech stocks were overvalued. He even said he thinks his own stock was overvalued and that it was ridiculous. The last time I heard a CEO say something like this was in 1966 when David Packard said he did not understand why Hewlett Packard stock was as high as it was. That clobbered Hewlett, the next day it clobbered the rest of the market, and really pretty much set the 1966 high, which lasted, unfortunately, for many years. It was rather interesting that today it was kind of a bookend-one of the worst performing stocks was Hewlett Packard in today's decline. But I do not think we are in that same situation at the moment for the simple reason that personal computer sales are quite strong. I spent all day yesterday at Interactive Data Corporation, the market research firm, and we are in for very good PC sales in the fourth quarter and next year. Internet- and communications-related hardware remains very strong, as shown by 3Com, which they had their annual meeting today. They were very positive. The semiconductor business is very strong. The earthquake in Taiwan (I sent out a Flash Bulletin yesterday telling you to buy TSM under $30 as soon as they reopen the Taiwan stock market on Monday. If you did not receive that Bulletin, please sign up to receive future ones by sending an email to murphybulletin@phillips.com.) helped semiconductor prices. So, everything is pretty much in line for a superb fourth quarter. However, we are going to see a decline here. It could feel brutal but at least it will be short. For those of you who are fully invested, do not lose hope. For the rest of us, I think we are going to get some wonderful opportunities to buy some of our stocks. Michael Murphy

To: Knighty Tin who wrote (68135)	9/23/1999 8:25:00 PM
From: Jon K.	Read Replies (1) \| Respond to of 132070

>>>This forum was set up for investors who want to ask Mike Burke a question regarding stocks, the market or the meaning of life. Mike, may I ask what is the meaning of life? Did this thread reached any conclusion on this question? Sorry I couldn't read through all 68,000 posts.... regards, jon

To: Knighty Tin who wrote (68135)	9/24/1999 1:51:00 AM
From: zsteve	Read Replies (2) \| Respond to of 132070

MB, more puts for INTC and RMBS: Costly new Rambus problem stings PC makers By Stephen Shankland Staff Writer, CNET News.com September 23, 1999, 8:20 p.m. PT Intel has acknowledged a major problem involving Rambus memory technology that could delay for months computers that were scheduled to debut Monday, sources say. home.cnet.com and Posted 23/09/99 4:09pm by John Lettice Via poised to ship 500MHz+ Socket 370 Cyrix chip Via is putting the Cyrix roadmap back on track with the launch of a 500MHz-plus Socket 370-compliant chip, codenamed Joshua, this year. Cyrix had this and other chips on the stocks, but had to all intents and purposes suspended operations pending its acquisition by Via. Joshua is based on the Cayenne core, and is a modification of Cyrix's MII with 3Dnow! instructions added. It has 64k of primary cache and 256k secondary cache. Via has been running a roadshow demonstrating a Joshua implementation running at 350MHz, but says that production silicon will operate at speeds in excess of 500MHz. Even so, the company will probably have to work hard to carve a slice of the low cost market for itself - the very fact that NatSemi sold Cyrix to Via indicates that this is a trickier patch than Cyrix, Centaur and Rise anticipated. And Via also has a few other items from the Cyrix roadmap in the locker. Earlier this year it was aiming to ship Mojave, with the Jalapeno core, at 600MHz plus in summer of next year - this obviously now seems some revision. ® theregister.co.uk