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To: Lucretius who wrote (23967)10/3/2000 12:02:35 PM
From: MythMan  Read Replies (3) | Respond to of 436258
 
I know you've all seen this but I wanted to personally post it to you -g-

>>Goldman's Cohen Says Tech Sector to Revive

Oct 3 11:16am ET

NEW YORK (Reuters) - Goldman's technology stock brain trust said on Tuesday the hard-pressed sector is poised for a comeback within the next several weeks as profit outlooks strengthen and relative valuations improve.

``We believe that the backdrop for investments in technology is favorable,'' Abby Joseph Cohen, one of Wall Street's most influential stock analysts, said in a conference call, reevaluating a sector she had labeled as overvalued in March.

She said the plunge in technology stock prices in the last six months had reduced her concerns about relative valuations. The recent deceleration in the U.S. economy was laying the groundwork for a favorable new economic cycle, she argued.

``Stocks do best not necessarily when profits are at their best but when investors are confident about their growth visibility,'' Cohen said.

Goldman's technology researchers said during the call they favored three segments of the industry: storage systems providers, network equipment and Internet infrastructure software suppliers. Analyst Laura Conigliaro said Goldman's top picks were EMC Corp. (EMC.N), Network Appliance Corp. (NTAP.O), Juniper Networks Inc. (JNPR.O), Cisco Systems Inc. (CSCO.O), Oracle Corp. (ORCL.O) and BEA Systems Inc. (BEAS.O). <<



To: Lucretius who wrote (23967)10/3/2000 12:15:57 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
I appreciate the heads-up. -g They all want it so bad that the first time they see something that rhymes they open their pocketbooks. UFB

NG, this is where the day is made. I stand by my earlier claim that 3520 (and falling though) will signal meltup mode.

Would like to see crude take out that $32 level. That would reassure me some.

ITWO losing 25% in 3 days and the longs can't wait to pile back in I'll bet. No, this is not reckless speculation. -s

BTW, for today's lunch, will you be having fries or salad with that melt?