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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: charlie mcgeehan who wrote (74028)	11/19/1999 9:05:00 AM
From: Ellen	Respond to of 90042

Some coverage on NN -- zdii.com From Thomson IWatch: Newbridge Networks (NN) booked FY00 2Q earnings before items of $0.08 per share which fell below the First Call consensus estimate of $0.09. Earnings including one-time gains rose to $0.97 per share. The firm said it was disappointed by the results and that it is actively exploring all strategic options which may include the sale of the company. Management announced a restructuring plan which includes a 10% workforce reduction. Other stuff...:-) The online direct marketing firm LifeMinders.com (LFMN) will offer 4.2 million shares at the top end of the expected range at $14 each. The IPO of 5.5 million shares from Cache-Flow (CFLO) was priced at $24 per share, well above the anticipated range of $18-$20. The firm makes equipment which speeds up online performance. Because there was previous talk about TOY here -- Sanford C Bernstein is talking up the hard goods retailers on continued consumer spending momentum and earnings up-side potential. The firm raised its 4Q earnings expectations for Home Depot (HD), Lowe's (LOW) Toys "R" Us (TOY), and Staples (SPLS). CIBC World Markets upped its price target on Inktomi (INKT) to $170 and reiterated its "Strong Buy" rating.

To: charlie mcgeehan who wrote (74028)	11/19/1999 9:32:00 AM
From: jas cooper	Read Replies (3) \| Respond to of 90042

PVSW It almost seems like management told folks in October that the company they invested in was being dissolved so they could chase internet rainbows. Despite growth in what appears to be something more than being an Oracle also-ran, they are now betting on an unestablished product. And doing it at great expense, spending money on efforts that don't sound assured (the word 'telemarketing' was used in one report, might even have been from PVSW themselves). So despite the fact that current investors have a distinct advantage over those who were unfortunate to have bought in September, one can almost treat this as an IPO that began less than a month ago. Maybe that's what PVSW should have done; issue a 'tracking stock' to cover the Tango end of the business (ala Quantum), to create value that really isn't there yet. Even though I'm tempted, I think the couple of points PVSW has gained from its lows (that's 20% when your dealing with such a cheap stock) may only be movement along with the rest of the tech market lately. I'm going to watch and see where the market goes before buying. We seem to be in the midst of another wave of 'irrational exuberance', and I'm doing more selling than buying right now. This is one of those stocks that when you get in it it tanks further, when you sit on the sidelines, it skyrockets. What to do? What to do? jas.