Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: johnd who wrote (53409)	11/17/2000 3:50:45 PM
From: johnd	Respond to of 74651

Bush is rapidly picking up lead over Gore on absentee vote count. So far of 14 counties, Bush got 70 to Gore's 31.

To: johnd who wrote (53409)	11/17/2000 4:52:59 PM
From: Harvey Allen	Respond to of 74651

johnd- What I see is this bright picture on the mountain across from the mountain we're standing on. Problem is we have to go down into the valley to get to it. I think this was the case back in April as visions of sugar plums danced in out heads. The good things will happen but there isn't enough business in the pipeline to fill the valley and make it smooth. I'm sorry to be so pessimistic but that's my feeling. Money is tight. Companies are dropping like flies and the Fed isn't likely to open up anytime soon. I feel Gore can handle this better than Bush. You pays your money and you takes your pick. Right now I'm mostly in cash. Harvey

To: johnd who wrote (53409)	11/17/2000 7:41:30 PM
From: Harvey Allen	Read Replies (1) \| Respond to of 74651

Fidelity Boosts Microsoft Stake in Third Quarter: Mutual Funds By Kathie O'Donnell Boston, Nov. 17 (Bloomberg) -- Fidelity Investments, the biggest U.S. mutual fund company, reacquired a taste for Microsoft Corp. last quarter after spurning the software giant three months earlier. Fidelity bought 26.6 million Microsoft shares in the third quarter, it's third-biggest purchase at $1.6 billion, according New York-based TF/Carson Group, which gets its data from Securities and Exchange Commission filings. In addition to Microsoft, Fidelity made big purchases of handheld computer maker Palm Inc. and optical networking company Ciena Corp. in the quarter, while selling major stakes in Nortel Networks Corp., Lucent Technologies Inc. and Eli Lilly & Co. The move back into Microsoft was an about-face for Boston- based Fidelity, whose portfolio managers dumped 66 million shares worth $5.2 billion in the second quarter, as the software maker slumped on concerns about the government's antitrust case and the growing competition from wireless devices. ``It was being double whammied,'' said David Brady, who owns Microsoft in the $1.5 billion Liberty-Stein Roe Young Investor Fund he runs. ``The world was moving away from PCs and the concern became `How can they find something fast enough to replace Windows' growth?''' Microsoft shares have tumbled 41 percent this year, including a 16 percent slide on April 24, after the Redmond, Washington- based company said sales rose less than expected in its fiscal third quarter and would continue to lag analysts' forecasts. The April slide cost fund investors $10.3 billion. Overdone Brady said worries about Microsoft's future are overdone and that it is well positioned to fend off competitors like Oracle Corp. and BEA Systems Inc. While personal computer sales may be slowing, he said Microsoft has the people and financial resources to chase new Internet business as it develops. ``I think it will be a significant player in the tech sector for a long time to come,'' Brady said. Though Fidelity boosted Microsoft overall during the third quarter, the stock no longer ranked among the top-10 holdings of its biggest fund, the $101.6 billion Magellan Fund, as of Sept. 30, according to Fidelity's October Mutual Fund Guide. Fidelity's biggest purchase in the quarter was Santa Clara, California based Palm, as managers added 36.7 million shares of the wireless devices maker worth $1.94 billion to their portfolios. Ciena was No. 2, with purchases of 14.5 million shares worth $1.78 billion, according to TF/Carson. Biggest sales in the quarter included 35.6 million shares of Nortel Networks worth $2.12 billion and 51.6 million shares of Nokia Corp. valued at $2.05 billion. Fidelity managers also unloaded 21.3 million shares of drugmaker Eli Lilly worth $1.73 billion, and 41.6 million shares of Lucent Technologies Inc. valued at $1.27 billion during the quarter. Fidelity's biggest holding overall in the quarter was 351.6 million shares of General Electric Co. worth $20.3 billion. GE was the second-biggest holding in the second quarter. Cisco Systems Inc., the second-quarter's top holding, slipped to second place in the third quarter at 327.5 million shares worth $18.09 billion. Exxon Mobil Corp. was third at 142.8 million shares worth $12.73 billion. quote.bloomberg.com

To: johnd who wrote (53409)	11/19/2000 2:11:33 PM
From: Harvey Allen	Read Replies (1) \| Respond to of 74651

Playin' on the Xbox! Yahoo! I got to play on the Microsoft Xbox. I have also played several games on the PlayStation 2, and, unless there is a cataclysm that forces the Xbox to die or to at least be delayed for years, the PS2 is going to be struck by a supersonic bulldozer. No offense to PS2 owners, but the Xbox is simply an awesome gaming system. Not only does it greatly exceed the PS2 in hardware muscle, but, through DirectX, the Xbox makes it much easier to tap into this power as well. DirectX has the added advantage of making it almost effortless to port games to and from with the PC - this alone will ensure a large software library at launch. tomshardware.com