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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (116505)	11/10/2000 11:17:15 AM
From: Rick Buskey	Respond to of 120523

LPTH---did you all catch their earn.? biz.yahoo.com

To: Jenna who wrote (116505)	11/10/2000 11:38:12 AM
From: Lane Hall-Witt	Respond to of 120523

Eat, drink, and be merry! <G> DELL worried me even before announcing, and confirmed my fears. One of these days, CPQ and GTW are going to be a buy. HWP will be, too, but it's a non-starter ahead of earnings next week. I'm also hoping we'll get a heavy pullback in IBM, because I think that could be a strong early- to mid-2001 story. Analysts who called it a 2000 second-half story were overly optimistic; but the Z900 mainframe is hitting the market, and the major question heading into next year is whether IBM will be able to fulfill the heavy demand for big iron. I'm afraid AMAT's guidance next week will probably send the semis on their next leg down. I hope I'm wrong, but I think KLIC's warning a couple of weeks back was more devastating than the market thinks -- too much optimism remains in semi land, even in the face of disastrous guidance from a company that is probably the sector's best leading indicator. Maybe we'll get a shot at INTC in the 28-31 range; regardless of sector fundamentals, the big money always comes back in to bid up this lovely. Poor AMD, on the other hand, will never get a break. It looks to me like some hot money is accumulating or trying to perk up the fibers and networkers. You've mentioned the strength in SCMR. CIEN has also been surprisingly strong, and JDSU and JNPR have seen spurts of buying, despite the fact the both are down on the day. One of these days, NT will get some respect again, but the downward momentum is still pretty intense at this point. Ditto for GLW and ALA. If CSCO finally breaks down, though, then--? ORCL, SUNW, and even the mighty EMC are finally cracking. When will CSCO follow? I repeat: eat, drink, and be merry!