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To: elmatador who wrote (1148)10/18/2000 9:32:44 AM
From: KHS  Respond to of 2404
 
Elmatador, the market is down 20% since then. Right now you are on the right side of the market but that is all.

Folks, if we are near bottom, the short sellers may begin to cover. This alone may hold us up. I think that would be the clue. If we hold our level, they are covering. If we sink and do not rebound, then they are going for our throats.

Good luck to all longs. I hope the shorts become our friends today.

Keith.



To: elmatador who wrote (1148)10/18/2000 10:57:40 AM
From: Scrapps  Respond to of 2404
 
STMicroelectronics Reports Record Third Quarter Revenues and Profits

ST Announces First $2 Billion Quarter in its History

A clip:

In the Telecommunications field, in July, ST announced plans to develop an Enhanced G.Lite ADSL (Asymmetrical Digital Subscriber Line) chipset for the mass market through a joint project with Nortel Networks. This will allow ST to offer a fully G.992.2 compliant and interoperable G.lite-optimized chipset for both head-end and CPE (Customer Premises Equipment) equipment. In addition, driven by accelerating worldwide demand for broadband Internet access, the success of ST's current ADSL chipsets has continued, with third quarter shipments exceeding the total shipments in the first half of 2000. ST is also strengthening its presence in the fast-growing and strategically important optical networks market with major development work with Nortel Networks.

biz.yahoo.com