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To: IQBAL LATIF who wrote (34573)	10/9/2000 8:47:44 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

In Europe.. <<U.S. Stocks Mixed in Europe: Chipmakers Gain, Connetics Slides By Alistair Barr London, Oct. 9 (Bloomberg) -- U.S. semiconductor stocks advanced in Europe after a report said chip sales might be higher than expected this year, fueling a rally in computer-related shares that have fallen recently. Intel Corp. and Texas Instruments Inc. led gains. ``Technology stocks are now at a discount to the market, so look for some signs of a rebound,'' said Anthony Gambacorta, who oversees about $100 million as chief investment officer at Freedom Capital Management LLC in Philadelphia. He's been buying shares of Lucent Technologies Inc., Microsoft Corp. and Motorola Inc. America Online Inc. declined after a U.S. senator warned a merger between the biggest online service and Time Warner Inc., plus links with AT&T Corp., will threaten competition. Connetics Corp. slumped after the drugmaker said a late-stage study found no benefit for one of its skin treatments. December futures on the Standard & Poor's 500 shed 1.3 points to 1425.50. Nasdaq 100 futures rose 13 points at 3370.50, while December futures on the Dow Jones Industrial Average declined 43 points to 10,680. Intel, the world's biggest chipmaker, rose 25 cents to 40.19 while Texas Instruments, the largest maker of chips for mobile phones, climbed 25 cents to 47.25, according to Madoff Securities International Ltd. Semiconductor sales could jump 37 percent this year, more than previously expected, Dataquest Inc. said. Slower growth over the next two years will be followed by a ``moderate'' decline in 2003, it added. Dataquest's report helped fuel a rebound in chipmaking companies, which have been among the leading decliners recently. Intel has dropped 39 percent in the past month, while Texas Instruments slipped 25 percent. Earnings Week Some investors bet third-quarter earnings may be better than expected after profit and sales warnings from companies including Intel, Dell Computer Corp. and Xerox Corp. damped optimism the last two weeks. ``This is going to be an important week because investors are going to focus more on earnings,'' said Gambacorta. General Electric Co. and Honeywell International Inc. report profit later today. International Paper Inc., Motorola, Yahoo! Inc., Advanced Micro Devices Inc. and General Motors Corp. are among companies reporting later this week. AOL fell 63 cents to 58.50 while Time dropped 31 cents to 86.75, Madoff said. Future ties between AT&T and a merged AOL and Time Warner threaten competition, warned Orrin Hatch, chairman of the U.S. Senate Judiciary Committee, the Wall Street Journal reported. AT&T rose 13 cents to 27.38, Madoff said. Connetics, EDS Connetics slumped 5.60 euros to 24 in Germany, as 1,020 shares changed hands. That's $4.64 below its U.S. close Friday. The pharmaceuticals company said a late-stage study of its experimental treatment for a skin condition called scleroderma indicates the product isn't effective. The results mean that Connetics won't gain U.S. marketing approval for the drug. Electronic Data Systems Corp. jumped 10.38 to 51, Madoff said. The computer management-and-services company won a contract with the U.S. Navy valued at about $7 billion over eight years to build and maintain an information system for sailors, the Navy said. International Business Machines Corp., the world's biggest computer maker and a competitor to EDS, declined 1.50 to 114.50, Madoff said. Applied Materials Inc. missed out on the gains among chipmakers, falling 69 cents to 53.50, Madoff said. The semiconductor-equipment maker said the Justice Department is investigating its technology licensing practices. The department has requested company documents related to a ``minuscule'' part of its business, and isn't focusing on its main operations, said Jeffrey Lettes, a company spokesman. >>

To: IQBAL LATIF who wrote (34573)	10/10/2000 11:08:34 AM
From: James Strauss	Respond to of 50167

BTY... Ike: Very good upside potential for BTY... finance.yahoo.com It needs to close above 113.00 to break a 10 month descending trendline... siliconinvestor.com Short term price targets are 122.00 and 132.00... Intermediate term targets are 160.00 and 185.00... Yesterday we had what looked like a Key Reversal on the Nasdaq... siliconinvestor.com This is suggesting that money on the sidelines is beginning to get a little impatient about coming back into the market... We might be seeing some rotation within the Nasdaq with money coming out of the bigger caps and into the mid size to smaller caps... This usually precedes a big cap rally as psychology improves along with good earnings reports... The YHOO Earnings report should be a catalyst for at least a short term bounce and firming of the Nasdaq bottom... Jim