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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: SpinCity1 who wrote (20892)	11/20/2000 1:27:02 PM
From: SpinCity1	Respond to of 24256

=DJ Internet Stks Dn -3: No Rally Seen With Holiday Shopping 20 Nov 13:06 Al Goldman, chief market strategist at A.G. Edwards, tied the Internet sector decline to the negative call on eBay. "It's kind of like an individual who's undergone major surgery," Goldman said. Among such downtrodden stocks, it doesn't take much to provoke a "relapse," he said. Expectations of a strong showing for online holiday shopping did little to stem the losses of e-commerce companies. Goldman Sachs & Co. analyst Anthony Noto said consumer spending on Internet holiday purchases is expected to increase by 50% to 100% this year, but that a broad rally among e-tailers is unlikely to accompany that increase. In other news sending the technology sector down, the departure of Oracle Corp. (ORCL) executive Gary Bloom sent shares of the bellwether software maker down 13.2%. Bearish notes on Gateway Inc. (GTW), Apple Computer Corp. (AAPL), Dell Computer Corp. (DELL), and Intel Corp. (INTC) added to technology selling. AG Edwards' Goldman said Monday's depressed levels have created better value for personal computer stocks and semiconductor stocks than for Internet stocks, which he says are still overpriced. Business-to-business stocks also sold off sharply. Shares of Commerce One Inc. (CMRC) lost 14.5%. Ariba Inc. (ARBA) shares lost 10.3% and Akamai Technologies Inc. (AKAM) shares fell 10.2%. -Christine Nuzum, Dow Jones Newswires, 201-938-5172 (END) DOW JONES NEWS 11-20-00 01:06 PM =DJ Internet Stks Dn -3: No Rally Seen With Holiday Shopping 20 Nov 13:06 Al Goldman, chief market strategist at A.G. Edwards, tied the Internet sector decline to the negative call on eBay. "It's kind of like an individual who's undergone major surgery," Goldman said. Among such downtrodden stocks, it doesn't take much to provoke a "relapse," he said. Expectations of a strong showing for online holiday shopping did little to stem the losses of e-commerce companies. Goldman Sachs & Co. analyst Anthony Noto said consumer spending on Internet holiday purchases is expected to increase by 50% to 100% this year, but that a broad rally among e-tailers is unlikely to accompany that increase. In other news sending the technology sector down, the departure of Oracle Corp. (ORCL) executive Gary Bloom sent shares of the bellwether software maker down 13.2%. Bearish notes on Gateway Inc. (GTW), Apple Computer Corp. (AAPL), Dell Computer Corp. (DELL), and Intel Corp. (INTC) added to technology selling. AG Edwards' Goldman said Monday's depressed levels have created better value for personal computer stocks and semiconductor stocks than for Internet stocks, which he says are still overpriced. Business-to-business stocks also sold off sharply. Shares of Commerce One Inc. (CMRC) lost 14.5%. Ariba Inc. (ARBA) shares lost 10.3% and Akamai Technologies Inc. (AKAM) shares fell 10.2%. -Christine Nuzum, Dow Jones Newswires, 201-938-5172 (END) DOW JONES NEWS 11-20-00 01:06 PM