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To: Chuzzlewit who wrote (149595)	12/21/1999 11:21:00 AM
From: Tony Viola	Read Replies (1) \| Respond to of 176387

Chuzz, re Cisco's valuation being high, it might have something to do with the fact that that the Internet continues to approximately double in size every year, in terms of numbers of networks, users, backbones or any other parameter I've seen. Cisco is the company first and foremost identified with that growth. Most other valuation numbers then go out the window. How about running Qualcomm's valuation numbers next? Tony

To: Chuzzlewit who wrote (149595)	12/21/1999 12:03:00 PM
From: jhg_in_kc	Respond to of 176387

Prudential's Acampora Says Nasdaq Could Rise 40% Next Year New York, Dec. 21 (Bloomberg) -- Ralph Acampora, Prudential Securities Inc.'s director of technical research, said the Nasdaq Composite Index could climb about 40 percent next year. The Dow Jones Industrial Average and the Standard & Poor's 500 Index each could rise 25 percent in 2000, he said in a report on his Web site. The market's gains won't be steady, Acampora said. Inflation concern will persist, and yields on the benchmark U.S. 30-year Treasury bond could rise to 6.75 percent or ''slightly higher.' ''Such a reaction could cause some scary corrections' of about 5 percent to 10 percent, though ''these corrections or pauses will not terminate the bull market,' he wrote. The Nasdaq Composite could soar to 4,800 or 5,000, Acampora said, the Dow average could rise to 13,500 or 14,000, and the S&P 500 could reach 1,700 or 1,800. He based the percentage increases on Friday's close. Acampora said the most attractive stocks in the Nasdaq 100 Index are personal-finance software maker Intuit Inc., steel processor Worthington Industries Inc. and Qualcomm Inc., a developer of cellular-phone technology. Leading industry groups in the first part of 2000 include aluminum, biotechnology, software, semiconductors, publishing and telecommunications, he said. He identified airlines, paper and forest products, chemicals, gaming and insurance as ''future leaders.'