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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Annette who wrote (1066)	9/13/2000 7:02:37 PM
From: Voltaire	Read Replies (2) \| Respond to of 65232

Ah, one of my favorites is back. Instead of RAT in a commercial this one puts MONEY in your brokerage account. Vster

To: Annette who wrote (1066)	9/13/2000 7:17:28 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

RMBS/QCOM--Techs Break Bear Trend, But Dow Off By Haitham Haddadin NEW YORK (Reuters) - Technology stocks shook off some of their early September blues to close up on Wednesday, thanks to strength in top Internet equipment shares, but blue chips fell on lingering worries over sagging corporate profits. The tech-heavy Nasdaq, which closed higher for the first time since late last week, was boosted by the surging shares of Internet equipment makers like Juniper Networks (NasdaqNM:JNPR - news) and a rebound in shares like wireless communications firm Qualcomm Inc (NasdaqNM:QCOM - news). ``Today we had a flight to the more expensive stocks in the Nasdaq,'' said Ned Riley, chief investment strategist at State Street Global Advisors in Boston. ``It isn't as if there's a lot of bottom fishing in the cheaper stocks that have fallen 50 or 60 or 70 percent.'' The Nasdaq Composite Index (^IXIC - news) closed up 44.57 points, or 1.16 percent, at 3,894.08, just off its session high. But the blue chips tanked, weighed down by computer firms like Hewlett-Packard (NYSE:HWP - news), as investors were unnerved by a string of fresh warnings from companies that their profits would lag. The Dow Jones industrial average (^DJI - news) was down 51.05 points, or 0.45 percent, at 11,182.18. The broader Standard & Poor's 500 Index (^SPX - news) was up 2.95 points, or 0.20 percent, at 1,484.94. Juniper Networks rose $8-7/8 on the day to $198-5/8. Internet infrastructure giant Cisco Systems (NasdaqNM:CSCO - news) gained $2-7/16 to $61-5/8, network computing products supplier Sun MicroSystems (NasdaqNM:SUNW - news) $3-7/8 at $118-3/16, while software giant Oracle (NasdaqNM:ORCL - news) rose $2-7/16 at $81-13/16. ``Leadership today in the Nasdaq is really focused in Cisco, Sun Micro, Oracle. None of those companies actually mentioned any kind of alteration in their outlook or recently haven't reported any shortfall in earnings,'' Riley said. The gains also came from chip technology maker Rambus Inc. (NasdaqNM:RMBS - news), up $7-21/32 to $84-15/32 on news it had signed a new chip licensing agreement with NEC Corp (6701.T), the No. 2 chipmaker. Wireless communications company Qualcomm Inc. (QCOM.O) also was helping with a gain of $2-9/16 to $64.