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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (27141)	6/22/2000 2:47:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 67671

LNUX just jumped through its 50 day.. up 6.5 at 44 3/4, its all time high is 300 last November!

To: j g cordes who wrote (27141)	6/22/2000 3:29:00 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 67671

Thanks Jim, Here is some other stories to chew on. "14:46 ET QUALCOMM (QCOM) 72 1/16 +7 9/16 (+11.7%): Rumors in the market that Nokia (NOK) consdering making a bid for company. " This is not going to happen from what I know of the industry. If NOK owned the company you would have problems with MOT and ERICY who now currently license technology from the company. In addition there are a number of third party Japanese and Hong Kong based manufacturing firms that would be reluctant to continue their relationship. In short, this would not be good for the industry. "Bookham Technology plc (BKHM) 59 +5/8: If Bookham Technology plc (BKHM) were based in the Silicon Valley, the company would probably sport a market-cap 2-3 times its current level... The UK-based designer of optical components for use in fiber-optic telecommunications networks has traded in relative obscurity since its initial public offering two months ago. While stock has lagged the group, recent pick-up in volume suggests that the word is beginning to trickle out on Bookham... Issue possesses "attractive" fundamentals relative to recent fiber space deals to hit the market. This in no way implies that the stock is cheap. In fact, with a P/S ratio of 576x trailing sales, the valuation seems absurd; that is until you compare it with the multiples being awarded other companies in the space. For example, optical networking equipment company, ONI Systems (ONIS), currently sports a P/S of 2790x trailing TTM. And, while ONIS will turn in quarterly losses for the foreseeable future, BKHM is predicted to deliver its first profitable qtr next year... A major reason stock has failed to pop up on many radar screens is its relatively large initial float. The company came public with 19.4 mln shares, vs just 8 mln for ONI Systems. The smaller the float, the easier it is for traders to run the stock... While traders may view a large float as a hindrance, the increased liquidity provided by the increased number of shares is considered a positive by institutional investors... The liquidity will come in handy later this month when institutional investors are forced to purchase the issue based on its scheduled addition to the FTSE 100 Index... Damon Southward, Briefing.com"