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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Rene Madsen who wrote (35942)	1/3/2000 9:08:00 AM
From: Scott Kleinhans	Read Replies (1) \| Respond to of 74651

PR Newswire, Jan 3, 2000 08:42 hrs Acampora Tells StockHouse.com Nasdaq to Double in 5 years; Discloses Top Picks For New Millennium: Microsoft, Dell and Immunex NEW YORK, Jan. 3 /PRNewswire/ -- Ralph Acampora, Director of Technical Research at Prudential Securities and one of Wall Street's top market technicians, told StockHouse.com the US stock market "could literally double from here over the next 5 or 6 years." He also predicts the Nasdaq could break the 5,000 level this year. Key to his longer-term bullish prediction is his view that similar to the 1920s and 1950s, this market is and will continue to be driven by concepts, not earnings. In addition, with a global view of the markets, Acampora sees opportunities in Germany and Italy as the introduction of the Euro currency and an increasingly deregulated environment are expected to catapult those markets to new heights. Acampora's top picks for 2000 are Dell (NASDAQ:DELL) and Microsoft (NASDAQ:MSFT), which he expects will double in the coming year, and Immunex (NASDAQ:IMNX), which he predicts will go up by 50-75% this year. Regarding Dell and Microsoft, Acampora states, "The thing that impresses me so much is that they get rotation. Just think about what they did this year versus Cisco or Yahoo!. They did nothing," explaining further that, "As the Yahoos slow down, these guys are picking up. Technically, they look like huge, huge winners." View the entire interview online at stockhouse.com . StockHouse is a premier financial content provider with over 35 million page-views and 1.6 million visitors per month. In addition to StockHouse.com, international site StockHouse.ca has earned its position as Canada's #1 financial media website. Globally, StockHouse Media Corporation provides breaking news and research on publicly listed equities from its offices in the United States, Canada, Australia, Hong Kong and the United Kingdom. Media Contact: StockHouse Media Corporation PH#: 1-888-944-4494 EML: "media@stockhouse.com" SOURCE StockHouse.com -0- 01/03/2000 /CONTACT: StockHouse Media Corporation, 888-944-4494, or media@stockhouse.com / /Web site: stockhouse.com quote.lycos.com