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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (6100)	1/15/2000 9:06:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 10293

New York Times echoes the Street's generally favorable view on techs: "Technology stocks led the Dow and the Nasdaq, with the industry leaders Intel and Microsoft accounting for much of the market's advance. "We continue to have money coming into the market, and money managers are deciding that technology offers the opportunity for the biggest gains," said Ricky Harrington, technical analyst at Wachovia Securities in Charlotte, N.C. Intel, the computer chip maker, rose sharply after announcing better-than-expected earnings late Thursday. The company cited a surge in sales of personal computers during the back-to-school and holiday shopping period. The company's strong report and optimistic outlook lifted the stock of Applied Materials, the maker of chip-manufacturing equipment. PC makers like Dell and I.B.M. also advanced as investors anticipated strong profit reports. Microsoft rose a day after the decision by William H. Gates to relinquish his chief executive job to Steve Ballmer, the president. Analysts said the move would assure continuity in the company's leadership. Stocks also benefited from rising confidence that inflation was not increasing sharply. A speech by Mr. Greenspan on Thursday night convinced many investors that the Fed was likely to raise rates no more than a quarter of a percentage point at the next Federal Open Market Committee meeting on Feb. 2. Although rate increases are usually troublesome, market watchers said they were impressed that Mr. Greenspan indicated he would not let inflation get in the way of a surging economy. The economic data released yesterday once again showed that inflation remained under control. The government said that consumer prices rose 0.2 percent in December, slightly below forecasts. Treasury Bonds Decline By Bloomberg News Treasury bond prices fell yesterday as rising oil prices and record-high consumer confidence renewed concern that inflation might accelerate and prompt interest-rate increases by the Federal Reserve. "There are at least two rate hikes coming, so I don't want to get too excited about bonds yet," said Roger Hamilton, an adviser at John Hancock Funds in Boston. The price of the 30-year Treasury bond fell 14/32 to 92 3/4. Its yield, which moves in the opposite direction from the price, rose to 6.69 percent from 6.65 percent on Thursday.