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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (1610)	3/14/2001 1:52:21 PM
From: CommanderCricket	Respond to of 23153

Picked up some KEG at $11.40. No fear or just stupid? We'll see how it goes. I have a soft spot for KEG.

To: jim_p who wrote (1610)	3/14/2001 2:09:57 PM
From: ItsAllCyclical	Respond to of 23153

CSFB comments on Intel's 7.5 billion cap ex budget From Briefing.com CSFB commenting on Intel's $7.5 bln capex budget. Firm thinks it is possible that Intel will continue to spend the money, but does not think the full amount will be spent this calendar year, owing to the slowdown and financial pressures on company. Firm would not be buyers of the stock until it hits the low $20's... Could see these comments impact the chip equipment makers, which have been supported in recent months by Intel's commitment to its capex plans. -------------------------------------------------- I don't think the semi's have bottomed and therefore neither have the techs as a whole. Again we can and probably will rally shortly here in techs. It's overdone short term, but will only set up a lower low eventually imho. On the plus side from SSB: Financials Overdone? : Salomon Smith Barney thinks so. Firm sees Japanese banking situation having little impact on U.S. banks since they have scaled back on their business in Japan over recent yrs. Lists JPM and BAC as banks with exposure, but says that management is stating that it sees no impact. Moreover, believes that weakness in the stock market will induce the Fed into more rate cuts, which should help the banks. Likes BK, JPM, BAC. -------------------------------------- That's fine for US exposure to Japan, but what about Japan's exposure to the US? Still concerned long term. Will be watching the Nikkei in the next few weeks to see if it holds 11,000 and 10,000 respectively. If not then these banking issues are indeed very serious.