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

To: puborectalis who wrote (23237)	12/12/2000 4:12:44 PM
From: ColtonGang	Read Replies (1) \| Respond to of 24256

Steve Milunovich, Merrill Lynch analyst, took the recently destroyed Sun Microsystems (SUNW:Nasdaq - news) out of his "techfolio," a collection of 10 technology stocks that launched on Oct. 24. Milunovich will cut both Sun and Pivotal (PVTL:Nasdaq - news) from the techfolio, replacing them with Avnet (AVT:NYSE - news) and Texas Instruments (TXN:NYSE - news). "Sun has been acting poorly," Merrill's analyst wrote in a note to investors this morning. "Although we have confidence in the company's accounting and long-term prospects, the concerns could prevent a near-term rally. We're adding Avnet. Although the stock has a lower beta, we think the stock could appreciate to fill the price gap." And as to why Pivotal couldn't live up to its name? "Pivotal is on our restricted list," Milunovich wrote. "Although we are underweighting semis, the group does appear to be poised for a rebound and should do well in an up tech tape. TI is a leader in wireless, which looks to be recovering."