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

To: Venkie who wrote (35336)	4/5/2001 9:38:46 AM
From: Dealer	Read Replies (3) \| Respond to of 65232

Suck this BEAR Rally for all it is worth.....take your profits and run......What did dell say??? All they said was: Dell said it was maintaining its six-week-old forecast for its first fiscal quarter but would not comment on the remainder of the year due to economic and industry uncertainty. They still have 50% of the quarter to go???? Duh! See Mary Run See the Market Rise See Spot Jump See the Market Fall BTW: Question: When is "TAX SELLING SEASON?" :-) Answer: Bout now!! dealie

To: Venkie who wrote (35336)	4/5/2001 10:55:34 AM
From: stockman_scott	Respond to of 65232

Dell's Outlook Stable, Stocks Zoom _____________________________________________ By Steve Sakson April 5, 2001 <<SKEPTICS WILL say it's only temporary, but the stock market roared higher this morning as investors suddenly turned optimistic that the worst of the profit debacles in the technology sector may be over. The major trigger was Dell Computer (DELL), which predicted last night that it will meet the quarterly profit expectations it reduced just six weeks ago. Bolstering the positive tone were similar upside promises from a handful of smaller tech players. At 10 a.m. ET, the Dow Jones Industrial Average was ahead by an impressive 220 points, or 2.3%. The Nasdaq Composite Index was up 79, or 4.9%. The S&P 500 index rose 24, or 2.2%. Dell stock rose 11%. The PC maker, which has cut forecasts five times in the past year, said that it still expects to earn 17 cents a share in the quarter ending about a month from now. Its low operating costs are giving it a competitive edge. It's expanding internationally and into the markets for business servers and data storage, the company said. It cautioned that the weak demand picture could still throw things off in the quarter and it wouldn't offer predictions for the rest of the year. Still, in a market hungry for any crumb of good news, this was pretty tasty. And, there's more. Peregrine Systems (PRGN), creator of software that makes computer networks more efficient, said it would meet expectations for a 16 cent a share profit. The stock zoomed ahead 36%. BEA Systems (BEAS), which makes software that helps old computers work on the Internet, said it still expects to earn 40 cents to 41 cents a share in the year ending January 2002, an estimate it increased back on Feb. 22. The shares gained 16%. Even more impressive was Yahoo! (YHOO), which climbed 24% after Lehman Brothers' skeptical analyst Holly Becker upgraded the Internet-media company saying the stock has fallen far enough to make it worth a Buy. Networking stocks got help from Cisco Systems (CSCO), which said it would stop producing a fiber-optic switch that it bought just 18 months ago. The switch, which helps reroute light beams, is having technical problems. The decision leaves Cisco to focus on other more profitable businesses, and allows a clearer field for competitors in this business. Cisco gained 5%. Sycamore Networks (SCMR) rose 16%. Blue chips got the benefit of a Street-beating profit report from Alcoa (AA). The aluminum maker earned 46 cents a share, beatring the expected 44 cents. Cost-cutting and acquisitions offset declining demand and lower metal prices, the company said. Alcoa stock rose 3%. Of course, the news couldn't be all good. FedEx (FDX) said a 4% decline in shipping volume in March means it's unlikely to meet its profit estimates of 85 cents to 90 cents in the quarter ending in May. The stock fell 2%. And Aspen Technology (AZPN), which makes business-process-automation software, said it would lose 10 cents to 12 cents a share, instead of earning 12 cents as analysts expected. Last minute delays of orders were cited. The stock fell 32%. Bond prices were mixed. The 10-year Treasury note yielded 4.95% compared with 4.92% late yesterday. The 30-year bond yield was 5.48% compared with 5.49% yesterday.>>

To: Venkie who wrote (35336)	4/5/2001 11:29:21 AM
From: stockman_scott	Respond to of 65232

Yippee for Yahoo? _______________________________________________________ Lehman Brothers thinks 'It's time to jump in' By Susan Lerner, CBS.MarketWatch.com Last Update: 11:09 AM ET Apr 5, 2001 <<NEW YORK (CBS.MW) -- Buyers came back to many stocks Thursday. For Yahoo, however, the day also saw the return of some sell-side support. Shares of the Internet giant (YHOO: news, msgs, alerts) jumped $2.38, or 19 percent, in morning trading spurred by an upgrade from Lehman Brothers analyst Holly Becker, who had rated the stock "neutral" since she initiated coverage of the company back in June 2000. At the time, she was well ahead of the rest of her peers in anticipating the problems facing the portal. Most of the analysts did not wake up to the issues until the company issued an earnings warning in January. See earlier Ratings Game. But much has changed, according to Becker, who, once again, may be ahead of the curve in telling clients: "It's time to jump in!" Becker set 12-month price target of $20 for the shares. "We recognize that we may be a bit early," said Becker "However, we are now convinced that the worst is over and the risk-reward on the shares is favorable for investors with a longer-term horizon." Estimates are finally low enough and valuation is much more reasonable, Becker said, adding that she thinks downside is protected by a potential takeover. Becker is not alone among sell-side analysts becoming more optimistic on Yahoo, however, but her upgrade was the most aggressive. Just last week on March 28, UBS Warburg analyst Chris Dixon made a valuation call and raised its rating on the stock to "hold" from "reduce.">> Susan Lerner is a reporter for CBS.MarketWatch.com.