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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: William B. Kohn who wrote (16365)	1/10/2001 5:34:52 PM
From: OWN STOCK	Respond to of 24042

NEW YORK, Jan 10 (Reuters) - Technology stocks rallied on Wednesday as investors shifted out of defensive 'Old Economy' shares in a bet that interest-rate cuts would revitalize the beleaguered high-tech sector. The Nasdaq Composite Index gained 82.88 points, or 3.39 percent, to 2,524.18, as a late bout of buying sent the index up about 2.2 percent year to date. "There is the feeling that techs suffered a great deal and you take your profits in the old economy and move into the new economy," said Milton Ezrati, a senior economist and strategist at Lord Abbett, with almost $40 billion in assets. "There is a feeling that because these stocks are down so much that valuations are more reasonable than people have seen in years and that is a tremendous temptation." Buy or lose.... -Own