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To: niceguy767 who wrote (34933)4/5/2001 12:50:20 AM
From: JohnDRead Replies (1) | Respond to of 275872
 
Interesting comments by Ralph Acampora on tonight's Nightly Business Report - a snippet;

<< RALPH ACAMPORA, TECHNICAL RESEARCH DIR., PRUDENTIAL SECURITIES: Well,
you say relative ease. You know, the Dow has actually been above 9,600 for over a year and
a half. And a couple of weeks ago when it broke that, that was like breaking the damn a
little bit. So you're getting this sell-off. It's almost like a game of catch-up for the blue chip
Dow type stocks. And unfortunately the NASDAQ, along with the SOX Index,
Semiconductor Index, still looks a little weaker.

GHARIB: We have seen stocks now like Cisco (CSCO), it's at $13, Intel (INTC) at $22,
these were the bellwethers of technology. Have technology stocks hit bottom now?

ACMAPORA: Intel, no, for sure, because today it made another new 52 week low and I
unfortunately think it's going to go a lot lower. Cisco, I would love to say it's probing for a
bottom. I think somewhere around the $10 or $13 area I suspect it will find home. But I think
Intel has more to go. >>

Complete transcript can be found here; nightlybusiness.org

HTH,
JohnD



To: niceguy767 who wrote (34933)4/5/2001 2:32:12 PM
From: Chung LeeRead Replies (1) | Respond to of 275872
 
NG, I dont know why the market is so excited about Dell's announcement that they will meet reduced target that was issued on Feb 15, if there was short fall, I am sure Intel will make it up with super duper secret special prices for Dell, at the same time telling the street they have no visibility. And Cisco rally because they paid 500 million for a loser and now decided to jettison, if that's how it works for the street, Cisco should discontinue more products. I am confused, hey but Osha is more confused, AMD up 12%.