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

To: lindelgs who wrote (5647)	10/4/2000 4:41:00 PM
From: lindelgs	Respond to of 65232

Nasdaq Surges as Oracle Revives New York, Oct 04, 2000 (123Jump via COMTEX) -- By the end of the day, the Nasdaq showed a gain of 66.95 points to 3522.78, revived by Oracle Corp.'s (NASDAQ: ORCL) ongoing battle. Meanwhile, the Dow Jones Industrial Average gained 64.74 points to 10784.48. The Standard & Poor's 500 Index also moved up - by 8.31 points to 1434.77. New to the stock market, Oplink Communications Inc. (NASDAQ: OPLK), a fiber-optics components manufacturer, saw its share price double after its debut on the Nasdaq, making it one of the most actively traded stocks today. The outlook remains favorable in this sector as competitors Avici Systems (NASDAQ: AVCI) and New Focus (NASDAQ: NUFO) are trading above their recent IPO price and have gained 2.3% and 2.81% respectively today. The company has an impressive customer base, which includes Lucent Technologies Inc. (NYSE:LU), Cisco Systems Inc. (NASDAQ: CSCO) and JDS Uniphase Corp. (NASDAQ: JDSU). Cisco and JDS stocks have also increased through some animated trading today. Primus Telecommunications Group Inc. (NASDAQ: PRTL), a global Internet, data and voice service provider, revealed today that Cisco Series 12000 Internet routers had been selected for its next-generation global broadband data network. As mentioned, Cisco shares have been actively trading and nudging up today. Primus also gained 4.06% during the day. Cisco was also in the headlines as EMC Corp. (NYSE:EMC), Oracle and Cisco announced a major expansion of their ECOstructure Initiative. The ECOstructure alliance is dedicated to ongoing testing and validation of e-business solutions. Two new integration centers are planned as part of this expansion. After some heavy trading, EMC shows a 1.13% decline this afternoon to $92.94, up from the day's low of $85.75 - Oracle finished the day with a drop of 2.16% to $68. In their ongoing saga, EMI Group Plc and Time Warner Inc. (NYSE:TWX), a leading media and entertainment company, have failed to formally appease the European Commission, increasing the risk of receiving a veto for their $20 billion music venture. The companies failed to follow through on the sale of Virgin Records and of Chappell Music catalog today. Time Warner shares have reacted favorably and are up 4.63% to $84.76. Siemens Automation and Drives Systems and Engineering, an operating unit of Siemens AG (U:SMAWY) announced today that it installed an Oracle Internet file system to consolidate extensive data, which was previously stored using Microsoft Corp.'s (NASDAQ: MSFT) NT file servers. Meanwhile, E.piphany Inc. (NASDAQ: EPNY), a software developer, saw its shares rise sharply $8.75 to $62 this afternoon as it disclosed an alliance with Sun Microsystems. Financial details of the transaction were not shared. Both companies will combine their engineering, sales and marketing plans to support this alliance. In similar news, i2 Technologies Inc. (NASDAQ: ITWO), a global provider of intelligent e-business solutions, has entered an agreement with Sun Microsystems Inc. (NASDAQ: SUNW), a major networking solutions provider, to provide extended e-business Strategic Opportunity Assessment (eSOA) services. Sun Microsystems' shares have been up all day, and showed a 3.14% gain to $111.78 this afternoon. BMC Software Inc. (NASDAQ: BMCS) issued a profit warning for its fiscal second-quarter results, saying that earnings would fall short of expectations. Share prices have dropped by $1 to $16.63. Finnish company Wicom Communications announced plans for expansion in Europe and in the US by year-end. The company specializes in Voice over Internet Protocol (VoIP) business software, an area enjoying a major boost this week. On Monday, Nortel Networks Corp. (NYSE:NT), a telecommunications equipment developer, was awarded a contract to upgrade Cable & Wireless PLC's (NYSE:CW) phone network with VoIP. Intelligent Compression Technologies Inc., announced today that Nortel Networks had completed a minority investment of $5 million through a licensing agreement to use their file-specific compression technology. CONTACT: For more information, contact 123Jump.com, Inc. 212-968-8700 Send email to: info@123jump.com Or, visit 123Jump at: 123jump.com All Rights Reserved. (c) Copyright: 2000 123jump.com, Inc.