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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (20016)	2/12/2000 2:42:00 PM
From: Scrapps	Respond to of 22053

Now how do we get it on the ballot??

To: David Lawrence who wrote (20016)	2/15/2000 12:00:00 PM
From: DMaA	Read Replies (1) \| Respond to of 22053

Are the oil services tempting you at all again? 11:23 ET ****** Global Marine (GLM) 19 3/4 +1: With the price of crude oil having broken through the $30 ceiling, investors are finally beginning snap up some of the oil services stocks... Back on 1/19, we noted that the oil services and equipment sector had been a laggard during the big Q4 rally even though crude pirces continued to firm... Investors shied away from the sector on the assumption that OPEC would soon announce that it was increasing production ahead of its March meeting... Well just the opposite happened, and with oil above $30 bbl, investors are finally coming to the realization that OPEC is apt to stand pat with its production quotas for another few months... And with the economies of the world humming right along, demand for crude is high... Robust demand and dwindling supply suggest that crude prices will remain well above street estimates, which may be bad news for consumers at the pump but it is very good news to the oil services sector... One of our top picks in the group is Global Marine (GLM)... Chief Executive Officer, Bob Rose, recently noted that the company has "already seen a significant recovery in day rates for our premium jack-up drilling rigs in the Gulf of Mexico and is seeing the early signs of recovery in West Africa." With crude prices holding firm, major oil producers just beginning to increase exploration budgets... As news of such spreads and company begins to provide positive earnings surprises, the stock should spring to life... GLM has spent the better part of the past 8-months confined to a 5-pt range and is now bumping up against important resistance at 20 1/2 (52-wk high)... Penetration of this ceiling on increased volume would catapult the stock into the mid- to high-20s... GLM is also relatively inexpensive, in that it trades at 35x projected FY00 earnings of $0.57 and 17x estimated FY01 results... Should note that the FY00 consensus estimate is likely to rise over the next few weeks given that much of the street was basing its estimates on $20-$23 crude. -- RW