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: bill meehan who wrote (68934)	10/12/1999 9:23:00 AM
From: AurumRabosa	Read Replies (1) \| Respond to of 132070

Wall Street Is Seen Opening Lower NEW YORK (Reuters) - Wall Street is expected to open lower Tuesday, despite the record high set Monday by the technology-heavy Nasdaq Composite index. The Standard & Poor's futures index for December was down 4.4 points at 1,342. The 30-year U.S. Treasury bond was down 10/32 with a yield of 6.21 percent. Analysts said the declining bond and futures markets and weakness in the dollar all pointed to a lower opening. "Even the Nasdaq high wasn't convincing," said James Volk, co-director of institutional trading at D.A. Davidson and Co. in Portland, Ore. "It was narrow in the technology and telecom sectors." Semiconductor stocks will be in the limelight, following better than expected earnings from Novellus Systems and reports expected later Tuesday from Intel and Motorola. Novellus late Monday reported third-quarter earnings of 54 cents per share compared with 22 cents a year ago. The stock was up sharply on Instinet at 78 from its close at 72-15/32. "It will be interesting to see how much more the semiconductor sector can run. ... They already had a good run yesterday," said Bill Meehan, the chief market analyst at Cantor Fitzgerald in Darien, Conn. "I believe there's just so much money concentrated in the technology sector that we're likely to see some selling." Bill, What's with the "..." ? Did Reuters bleep out the Myth details? <g> I hope INTC runs up today in anticipation of good earnings so I can add more puts cheaply. If INTC tells the truth about the impact of Taiwan, and there hasn't been too much of that yet from anybody but HWP, investors will realize how weak earnings will be next quarter and then they'll start to question Intel's also-ran strategy for becoming a net-server farmer. I seriously question Intel's ability to compete at net-server farm hosting as they have too much of an Intel-centric view of the universe. E.g., first generation switching functions are now performed by Intel PCs but the next generation needs web-switches to be competitive and web-switches don't use Intel Titanic chips. I suspect Intel will want to sell themselves as many Titanic chips as possible. techstocks.com