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

To: Dealer who wrote (5669)	10/4/2000 5:53:17 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT--Impressive turnaround for techs--AFTER CLOSE--UPDATE 5:26 Chips, Nets and cyclicals on a roll By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 5:26 PM ET Oct 4, 2000 After the close Wednesday, Micron Technology (MU) posted a fourth-quarter profit from operations of $1.16 a share, handily beating the First Call estimate of 96 cents a share. The stock ended up 9 percent to $46.94. See for post-market trading activity. Meanwhile, Oracle (ORCL) saw the lion's share of its losses evaporate late in the trading day, losing $1.38 to $68.13 after falling as much as 13 percent at its nadir Wednesday. The company reaffirmed its strong outlook for sales and earnings for the current quarter and full fiscal year, looking to dispel market speculation that it would not meet estimates. The stock has fallen over 15 percent during the past week. Robertson Stephens lowered its rating on the stock to a "long-term attractive" from a "buy" based on current valuation levels and near-term product transition risks in software applications. After the close Wednesday, Dell Computer (DELL) warned that third-quarter revenue would fall 3 percent below expectations due to soggy European demand and weaker-than-expected global sales. Dell said fourth-quarter earnings-per-share could come in one to two cents below company targets. First Call had expected a profit of 25 cents a share for the third quarter. The stock ended off 38 cents to $28.19.