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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (41298)	1/4/2001 7:11:32 PM
From: Robert O	Read Replies (1) \| Respond to of 70976

Oh my! Business News - updated 7:06 PM ET Jan 4 Thursday January 4 7:06 PM ET Tech Stocks Rise After Surprise Rate Cut By Haitham Haddadin NEW YORK (Reuters) - Technology stocks rose in Thursday's aftermarket, gaining back some ground lost in regular trade, after another surprise announcement from the Federal Reserve (news - web sites) that it cut the U.S. discount rate again. The tech-heavy Nasdaq index futures rose a little on the news, which came after the end of Thursday's regular session, and then inched down. A number of bellwether high-tech stocks rose in after-hours trade, including Web gear maker Cisco Systems (NasdaqNM:CSCO - news), the most actively traded on Nasdaq and in the aftermarket. ``This rate cut is more symbolic, but it also causes a great deal of a psychological benefit to the market,'' said Art Hogan, chief market analyst at Jefferies & Co. ``We see some firmness in the market tomorrow morning, especially with the Nasdaq trying to give back some its gains today.'' Cisco rival Juniper Networks (NasdaqNM:JNPR - news), fiber-optics company JDS Uniphase (NasdaqNM:JDSU - news) and wireless technology company Qualcomm Inc (NasdaqNM:QCOM - news) -- which had led the tech-laden Nasdaq market lower on Thursday, also recovered in the aftermarket. The central bank said in its latest announcement that it cut the discount rate, the rate it charges commercial banks for emergency loans, by a quarter percentage point to 5.5 percent. This second surprise came hard on the heels of Wednesday's quarter-percentage-point cut in the discount rate, which was meant to underline an even more aggressive half a percentage point reduction in the key federal funds rate, the rate that banks charge each other for overnight loans. The rate cuts, rare because they occurred between meetings of the Fed's policy-making body, are intended to stop the world's largest economy from slowing more. more at: dailynews.yahoo.com RO

To: Proud_Infidel who wrote (41298)	1/4/2001 8:10:14 PM
From: Jerome	Read Replies (3) \| Respond to of 70976

Could all the analysts all be wrong at the same time? I just reviewed the recent Business Week with the title "Where to Invest in 2001" What caught my attention that after reviewing every ones top picks going forward, that there was not a single semi-company on anyones list. SNDK was recommended as a short. To me this avoidance of the semi-companies makes perfect sense. All of the MBA trained analysts were taught the same by the same methodologies. Yes they have their spread sheets and know how to use Excell. But essentially they were all taught in the same one room school house, and never learned how to think out of the box. Like school kids they peak over each others shoulders to check their work, and try to avoid being different. In the real world the kid that is different rarely gets rewarded for being different. (more likely punished) My second observation is that for those of us that have to make a living trading stocks (long or short) the best rewards come from having a concentrated portfolio in an area avoided by all the analysts. Attention all thread viewers... we are in the right area at the right time. Regards, Jerome note: I have no credentials, no MBA. I studied Philosophy, Linguists, and History in College.

To: Proud_Infidel who wrote (41298)	1/5/2001 8:27:31 AM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

From Byron Wien's Surprise List for 2001: "9. The semiconductor inventory cycle turns up as the Fed's easing finally starts to work. New products associated with wireless data and optics begin an important new growth trend. Broadcom (BRCM:Nasdaq - news - boards), National Semiconductor (NSM:NYSE - news - boards), Applied Materials (AMAT:Nasdaq - news - boards) and Teradyne (TER:NYSE - news - boards) have major moves." via thestreet.com