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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (164310)	3/7/2001 10:28:13 AM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176387

Futures Head Up with Cohen Comments NEW YORK (Reuters) - Stock futures headed higher in pre-opening trading on Wednesday and leading technology shares firmed after the top Goldman Sachs strategist recommended buying stocks. March futures for the technology-laden Nasdaq 100 index rose out of negative ground and were up 24.50 at 2,010.59. Futures for the Standard & Poor's 500-stock index were up 4.60 points at 1,261.70. The surge came after Goldman Sachs chief investment strategist Abby Joseph Cohen told clients to use their cash to buy stocks. She reversed the call she made in March 2000. ``Many of the imbalances identified during the past year have now been largely redressed,'' said Cohen, one of Wall Street's most respected strategists. ``Risk tolerance has been replaced by risk aversion.'' Technology shares reversed course and headed higher despite warnings from two leading high-tech companies. JDS Uniphase Corp. (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news) rose to $29-3/16 from a $28 close. After markets closed on Tuesday, the fiber optic telecoms parts maker lowered its forecasts for third- and fourth-quarter performance again, blaming a weakening U.S. economy and waning customer demand. Broadcom Corp. (NasdaqNM:BRCM - news) was down at $43-3/4 from a $47-7/8 close after the communications chip maker cut its outlook for first-quarter profits and revenues. It said it had been hit by a slowdown in customer orders because of the sluggish economy. Intel Corp. (NasdaqNM:INTC - news), a component of the Dow Jones industrial average (^DJI - news), rose to $32-1/4 from a $31-1/2 close. The semiconductor maker's chairman said on Tuesday that he did not expect demand for chips to rebound quickly. Software maker Microsoft Corp. (NasdaqNM:MSFT - news), also part of the Dow index, was up at $60-1/4 from a $59-7/16. WorldCom Inc. (NasdaqNM:WCOM - news), the No. 2 U.S. long-distance phone company, rose to $17-15/16 from a $16-11/16 close. The Wall Street Journal's Heard on the Street column said Chief Executive Bernard Ebbers has expressed interest in selling the company. just another analyst with "hope"

To: D.J.Smyth who wrote (164310)	3/7/2001 11:45:17 AM
From: A.L. Reagan	Read Replies (2) \| Respond to of 176387

Smyth, it would be pretty smart to be long DELL at $20 and dumb to be short at that price. The long-term potential is too good for DELL. Likewise, when a stock goes up based on "hope" then odds are it is a good short candidate. Abby Jo is the queen of hope. Look at her calls in early fall for the y/e S&P 500. LOL! Abby Jo is not paying much attention to Europe and Asia either. As I posted my short is a S/T position trade only, and so far I'm up 5% in 24 hours. Stops set now at original buy-in price. W/r/t DELL they have a problem similar to some of the telco equip systems houses in that the % sales mix of flat to declining growth legacy products (in this case desktops) exceeds that of growing areas (in this case servers, storage, and laptops). Plus, Dell Ventures has some write-offs to come, methinks.