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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (113516)	12/28/2000 9:50:11 AM
From: 10K a day	Read Replies (1) \| Respond to of 164684

speaking of the sept 99 bubble. 'prices' may go there. but even then....Market caps are not even close. More smoke and mirrors...from the Nadsdaq 'national' market makers....selling Nadsdaq 'trust'

To: GST who wrote (113516)	12/28/2000 1:42:16 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Gst, I remember the day I sold my Qxlc at around 115. Then passed those shares on to Billy.;-) >Last Update: 9:21 PM ET Dec 27, 2000 NewsWatch Latest headlines Get Alerted NEW YORK (CBS.MW) - Qualcomm at $1,000 a share. Who can forget? The brazen prediction by a greenhorn PaineWebber analyst - made a year ago Friday -- hit the stock market like an early trigger on a pile of July 4th fireworks. Qualcomm shares rose 31 percent that day alone and capped a massive year-end rally in tech stocks that sent investors spinning into 2000 with record profits and even higher hopes. In retrospect, the speed of that rally was as dramatic as the tumble tech stocks took in 2000. Today, Qualcomm shares trade under $100, adjusted for a 4-for-1 split, a drop that closely mirrors the Nasdaq's 38 percent slide for the year. PaineWebber has been subsumed by UBS Warburg. Meanwhile, the analyst, the under-30-year-old Walter Piecyk is no longer covering the company. He left the brokerage firm in early November and UBS officials aren't discussing his whereabouts, as is traditional on Wall Street. Still, the Piecyk call lingers. It wasn't the only wildly bullish target of 2000, but it well represents how far ahead of the market the sell side had gone. Here are a dozen or so of the more memorable calls of the year 2000, played out as the Nasdaq soared, then tanked to its worst yearly loss ever. 2000 - Hall of Shame January: The Y2K bug-sparked global depression begins. Or not. Thanks Deutsche Bank research, for being completely wrong on this one. Feb. 18: Goldman is lead underwriter for Internet consultant Inforte (INFT: news, msgs) and Gigamedia (GIGM: news, msgs). Inforte rose $68 on its Feb. 18 debut, ending at $72.94 and Gigamedia ended the day at $88, triple the offer price. Inforte now trades at $11 and Gigamedia is under $4. March 13: Ratings upgrades from Robertson Stephens help send shares of Dell (DELL: news, msgs) and Intel (INTC: news, msgs) to all-time intraday highs of $54.75 and $125.50. Analysts say they "believe Intel can hit $150 a share by midyear rather than year-end, as they'd predicted previously," our reporter noted. Intel near year-end: $33.06. (INTC struck $61.06 on March 13 because of a later stock split, an action which also halves the price target in INTC to $75. The stock never closed above $75, but in fairness, it came close in late August.) April 6: QXL.com skyrockets to a high of $117.38 after SG Cowen's Thomas Bock set a 24-month price target of $330 (yes, $1,000 before the 3-for-1 split) on QXLC, the "EBay of Europe." The stock now trades at 63 cents (or $1.89 pre-split). May: Donaldson Lufkin Jenrette's Jamie Kiggen reiterates that Priceline.com (PCLN: news, msgs) is worth $190 a share. It now trades at $1.28. June 29: Piecyk lowers Qualcomm price target to $200 and cuts estimates, citing "weaker-than-expected chipset sales in Korea." July: Compuware (CPWR: news, msgs) warns it'll miss the analysts' earnings estimates by about 50 percent. Computer Associates (CA: news, msgs) and BMC Software (BMCS: news, msgs) also warn. The tide begins to turn. Aug.16: SG Cowen's Bock downgrades QXL.com to a "hold," telling clients "recent developments have created concerns..." Sept. 15: Crude spikes to 10-year high of $36 a barrel. What we have here is a sin of omission. Seems plenty missed the impact of a spike in crude on the markets in the cheery forecasts for 2000. October: Internet Fund manager Ryan Jacob tells shareholders "one of our biggest mistakes early in the year was reacting to the sell-off in Internet-related companies as if it were a correction, when in fact it is clear now that it was a crash." The fund (JAMFX: news, msgs) at that point was down nearly 66 percent and was the worst performing equity fund. Nov. 10: Dell, Intel lead Nasdaq sell-off. Dell dropped 19 percent. The PC maker said that 2001 revenue would grow slower than some estimates. Banc of America Securities cuts to a "buy" from "strong buy," as does C.E. Unterberg Towbin. Dec. 12: Kiggen, now at Credit Suisse First Boston, reverses his Q4 estimate on DoubleClick (DCLK: news, msgs) to a loss per share, but maintains the "buy" rating on the stock, citing the cash value implied in the share price.