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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: JGoren who wrote (72613)	5/27/2000 9:40:00 AM
From: marginmike	Read Replies (1) \| Respond to of 152472

Heres the prob. Higher rates or lower growth= lower PE's when yo are at sch a high base. If rates stop going p it shows growth slowing. The pe'S even at these levels are considering 30-50% growth which will not occr if the econ slows. I think it will take a whille for the PE's to consolidate(or another crash down). We had a crazy period which we now pay for with hge losses in the NAZ. I think old econ stocks like Ford and Banks are next. It is probably better for banks to have strong growth and high rates then it is to have low rates and people going broke. Banks profit of FEE's and VC and investenets they are hedged against rates. The car co's and other retail based bsiness's are in big troble. The spending spree is over and in another year people willo be saving and not spending becase they wont have the hge gains to bolster their psychological wealth. That incldes digital devices and cell phones. Those tech co's that sell sch devices or chips etc will see their biz slow.

To: JGoren who wrote (72613)	5/27/2000 12:56:00 PM
From: LBstocks	Read Replies (1) \| Respond to of 152472

DJ Edward Jones' Skrainka: Focus On Long-Term Strategies Dow Jones News Service ~ May 26, 2000 ~ 6:02 pm EST NEW YORK (Dow Jones)--The way to play the market in a bear market is to stay focused on long-term goals, said Alan Skrainka, chief investment strategist at Edward Jones. "Investors should stay the course because every bear market has been followed by a bull market," Skrainka told CNBC in an interview Friday. It's very important to look at the opportunities to buy as prices move lower because the outlook can change quickly, he added. Skrainka said investors should jump in when leaders in the industries are trading at attractive prices. Investors should also buy interest rate-sensitive stocks as their prices move lower because those stocks will bounce back the fastest when the tide turns, he said. Skrainka likes Qualcomm Inc. (QCOM) and thinks that the majority of the damage has already been done to its stock. He also likes Cisco Systems Inc. (CSCO), Oracle Corp. (ORCL) and Sun Microsystems Inc. (SUNW) and thinks investors should dump eToys Inc. (ETYS) and CDNow Inc. (CDNW), which he says are companies that don't have business prospects. -By Donna Fuscaldo; Dow Jones Newswires; 201-938-5174 (END) DOW JONES NEWS 05-26-00 06:02 PM