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To: Oleg Sogolov who wrote (8022)	4/4/2001 6:16:10 PM
From: Tom Hua	Read Replies (3) \| Respond to of 19633

Oleg, CSCO is getting out because they bought the wrong company in the fiber optic space. I do think CSCO will at some point in the future be on the acquisition track again. CORV is a very attractive candidate for them. Without bad news tonight and some relative positive news from DELL, BEAS, PRGN, the coast is clear forn the markets to rebound violently which should last more than a day. Regards, Tom

To: Oleg Sogolov who wrote (8022)	4/4/2001 6:20:08 PM
From: 2MAR$	Respond to of 19633

Be very nice if ARBA rises tomorrow a bit...very nice indeed. Tech stocks rise, Dell offers ray of light (Updates shares prices, adds companies) NEW YORK, April 4 (Reuters) - Technology stocks headed higher in after-hours trading on Wednesday after high-tech heavyweight Dell Computer Corp. <DELL.O> reaffirmed its first-quarter forecast and offered a breath of fresh air to investors buried under corporate profit warnings. Dell rose to $23-5/8 in extended hours from its regular close of $22-3/16 on the Nasdaq. Dell said it was maintaining its forecast for its fiscal first quarter, which ends in about a month, but would not comment on the rest of the year due to economic and industry uncertainty. Cisco Systems Inc. <CSCO.O>, the world's No. 1 maker of gear that powers the Internet, gained ground in extended hours, recovering from earlier weakness after the closing bell. Cisco rose to $14-3/16 in extended hours from its regular close of $13-11/16 on the Nasdaq. Cisco said slow sales of an optical router had prompted it to discontinue making that device, which is found at the core of optical networks. Other high-techs followed the upward trend in after-hours. Chip giant Intel Corp. <INTC.O> rose to $23-5/8 from its regular close of $22-5/8. Business software company Oracle Corp. <ORCL.O> climbed to $14.20 in extended hours from a $13.66 close. The Nasdaq Composite Index <.IXIC> had lost 34.20 points, or 2.04 percent, to 1,638.80 during the regular session, suffering its third straight losing session and hitting its lowest close since mid-October 1998. But software maker Peregrine Systems Inc. <PRGN.O> also offered a ray of light after the bell. The company climbed to $16-7/16 in extended hours from its close of $13-3/4 on the Nasdaq. The company said it expects to report fiscal fourth-quarter earnings in line with analysts' estimates. Home products retailer Bed Bath & Beyond Inc. <BBBY.O> also rose, climbing to $26-1/8 in extended hours from its close of $24-5/8 on the Nasdaq. The company said its fourth-quarter earnings rose 33 percent to meet analysts' estimates as sales rose despite a weak retail environment. But Akamai Technologies Inc. <AKAM.O>, whose software helps speed Web content over the Internet, slipped to $5-3/8 in after-hours trading after closing at $6 on the Nasdaq. The company said it would report a narrower-than-expected loss but on lower expected revenues, and will cut 14 percent of its work force in an effort to reach break-even results earlier than expected. ((Wall Street Desk, (212) 859-1709)) REUTERS * end of story *