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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?


To: Sonny McWilliams who wrote (26612)10/17/2000 10:19:01 AM
From: Gerald Walls  Respond to of 27012
 
The NAZ actually went back into the plus column the last hour but I believe that Nvls put the whammy on the NAZ then. Novl mistakenly put their earnings onto the net early and it looks like they are coming in light. So, that drove some of those techs down even further.

Not only that, but the management that has now shown that they can't be trusted LIED to more than one news agency and said the press release was FALSE. They then release the same PR when they reported earnings after the close.

Message: NVLS management personnel are liars and cannot be trusted.

You can be guaranteed that there will be a class action lawsuit brought on behalf of the lawyers. Oops! I mean, on behalf of anyone who bought the stock after the company said the press release was false.



To: Sonny McWilliams who wrote (26612)10/17/2000 12:19:57 PM
From: William Hunt  Read Replies (1) | Respond to of 27012
 
Sonny --The gentleman from the PIMCO funds ( 299 billion in bonds under management ) was on CNBC squawk box this morning . Usually has a good read on the economy and the bonds . He said Greeenspan has set us up for a hard landing of 1 to 2 % growth . He said Greenspan has drain the capital needed for companies to buy technology to keep productivity growing thus being able to control inflation . He said the spread on corporate bonds has grown to such extremes that the only thing he is buying is Federal treasuries . He said that Greenspan needs to cut interest rates now but he thinks he will not do it until the growth rate slows dramatically . If this happens the equity market is headed much lower . I wonder why Greeenspan can not see this since he keeps preaching that technology is the only reason we are enjoying this properity ? By the time he responds it will be too late ---forget about a budget surplus !

BEST WISHES
BILL

PS The guys name is BILL ---I can not remember his last name ---very sharp and straight forward . I actually think he has a better read on the economy due the fact he is in the market to make money for his customers