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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (35132)	4/1/2001 11:47:21 PM
From: Boplicity	Respond to of 65232

doubt is a powerful emotion concerning the pricing of stocks. You are right BlueArc is not going to be able to do much material damage to the bottom lines of EMC or NTAP anytime soon, but today's stock price is not a reflection of today's prospects. So, doubt cast from BlueArc's potential to do damage will need to be compartmentalized and mitigated or dismissed out right. One thing to remember, and this has been hammered into my head from DS on the NTAP thread, it's the software that matters, I will add trust to that, both of which BlueArc has little to none to speak of. Be

To: Venkie who wrote (35132)	4/2/2001 8:44:30 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Mixed open in store for shares American Express warns By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:34 AM ET Apr 2, 2001 NEW YORK (CBS.MW) - The major averages appear ready for an open on the mixed side Monday on the first trading day of the new quarter. Profit warnings continue to pour in, including a high-profile one from American Express. June S&P 500 futures edged down 1.30 points, or 0.1 percent, and were trading about 1.40 points below fair value, according to figures provided by HL Camp & Co. Nasdaq futures, meanwhile, edged up 3.00 points, or 0.2 percent. The Dow company (AXP) said it expects first-quarter earnings-per-share to be 18 percent below the 48 cents earned in the year-ago period, citing the deterioration of its high-yield portfolio and losses associated with selling certain bonds. First Call/Thomson Financial currently expects first-quarter EPS at 51 cents. With the economy continuing to deteriorate and few signs of a pickup in activity or spending by corporate customers, AmEx said that earnings growth for the full year is likely to be lower than its initial forecast of full- year growth at the low end of the 12 to 15 percent range. The stock dropped 7.4 percent to $38.25 in Instinet pre-market trading. And I2 Technologies (ITWO) told investors that it now expects to post first-quarter earnings-per-share of 2 cents, less than the 5 cents a share that had been expected by First Call. I2 said uncertain economic conditions are causing customers to delay purchases and triggering a decline in revenue visibility. To contain costs, I2 said it may reduce its work force by about 10 percent. Shares closed up 4 percent to $14.50 on Friday. The stock shed 25 cents to $14.25 in pre-market activity. In other shares trading before the opening bell, Cisco Systems (CSCO) added 19 cents to $16 in Instinet. In the government bond arena, prices traded mixed right out of the chute. The 10-year Treasury note was up 3/32 to yield ($TNX) 4.90 percent while the 30-year government bond shed 5/32 to yield ($TYX) 5.45 percent. On Monday's economic agenda is the release of the National Association of Purchasing Management Index, expected to come in at 42.5 percent, a touch higher than the previous month's 41.9 percent. On Friday, the Chicago Purchasing Managers Index plummeted to levels not seen since 1982. Also on tap is February construction spending, seen rising by 0.4 percent. View Economic Preview and economic calendar and forecasts. In the currency segment, dollar/yen inched up 0.1 percent to 126.23 while euro/dollar advanced 0.3 percent to 0.8771. -------------------------------------------------------------------------------- Julie Rannazzisi is markets editor for CBS.MarketWatch.com in New York.