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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (25374)	2/5/2000 12:03:00 PM
From: Sonki	Read Replies (2) \| Respond to of 27012

good morning.re: Gruntal & Co.'s Joe Battipaglia & pfe wla V day: Message 12786397 pfe: Message 12786404 Joe Battipaglia The New and Improved Profitability The recent round of positive fourth-quarter earnings reports has brought with it an overall improvement in the value of most equities, with a bias toward technology, Internet companies, and telecommunications and network equipment manufacturers. This leadership has been demonstrated by a 32% rise in the S&P technology index since the beginning of the fourth quarter versus the 12.4% move in the broader S&P 500. Given the outlook for long-term earnings growth of 30%-plus in this sector, I believe that this leadership is warranted. Nor has technology been the only bright point. Financial service companies Lehman Brothers (LEH), JP Morgan (JPM), pharmaceuticals Pfizer (PFE), retailers Sears (S); transportation Northwest Air (NWAC), and several industrials Boeing (BA), Alcoa (AA) have also delivered positive earnings surprises. Underlying this broad-based strength are high levels of spending by U.S. households, investment spending by corporations, and improved exports as foreign economies continue to rebound. Furthermore, the economy is not showing signs of bottlenecks and upward pressure on prices. Instead, increasingly competitive markets have largely eliminated pricing power as a means toward greater profits. Now, improved profitability requires (1) improving production processes, (2) growing market share via competitive pricing and value-added product offerings, (3) extending global reach, (4) forming synergistic business combinations and alliances, (5) crafting successful Internet initiatives, and (6) repurchasing outstanding shares with excess cash flow.