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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (69816)	4/7/2001 8:39:39 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 93625

<<I'm one of the few people who has been posting the truth on this thread.>> LOL! your version of the "truth" that is...

To: Scumbria who wrote (69816)	4/7/2001 8:49:47 PM
From: Don Green	Read Replies (1) \| Respond to of 93625

This should be an interesting week for the market, lots of tech stocks report earnings. On Thursday Rambus reports, after the close, then Friday the market will be closed. SMARTMONEY.COM: It's All About Earnings By IGOR GREENWALD April 6, 2001 NEW YORK -- No one really knows what will happen next week, but here's one scenario that's probably not in the cards. Monday: General Electric's (GE) quarterly earnings report arrives early, sparing investors the usual suspense of knowing the week but not the date of the release. It makes ironclad projections of revenues for the rest of the year and retracts last week's prediction by Chairman Jack Welch that the economy won't rebound this year. Tuesday: Motorola's (MOT) earnings report does not show the company's first quarterly loss in more than 15 years but does lay to rest rumors of a liquidity problem that surfaced Friday. The Securities and Exchange Commission drops its probe of the company's earlier attempt to avoid yet another earnings warning by hinting to selected analysts that they should lower their estimates. Wednesday: Yahoo! (YHOO) pops again after reporting surprisingly strong Internet advertising revenues. Investors cheer as Chairman Tim Koogle rescinds plans to relinquish day-to-day control to a new chief executive. Thursday: The Nasdaq is buoyed by cheerful financial forecasts from the likes of Biogen (BGEN), Genentech (DNA), Foundry Networks (FDRY), Handspring (HAND), Juniper Networks (JNPR) and Rambus (RMBS). Surprisingly strong retail sales lift the Dow. Friday: Markets closed for Good Friday. Traders in their SoHo lofts toast Michael Dell for single-handedly ending this bear market by courageously sticking to an earnings forecast last lowered six weeks ago. Only in a bear market could Dell's comments be credited with sparking a massive relief rally. Never mind that the company refuses to update forecasts beyond the quarter ending in April. "The whole visibility issue is real for us," Dell Chief Operating Officer Kevin Rollins told CNBC on Thursday. It's also real to some analysts unimpressed by the company's upbeat tone. "Management's sticking to the latest guidance for 1Q, while more of a novelty in the tech sector right now, doesn't offset its reluctance to forecast the rest of the year," wrote James Poyner of C.E. Unterberg, Towbin on Friday. And since this inability to peer into the near future is seen as the main reason why the markets aren't able to discount the current spate of bad news, it's probably too early to call this bottom. In fact, Brown Brothers Harriman Chief Equity Strategist Ronald Hill suggests the outlook for the reporting season getting underway next week is downright bleak. "You're looking at probably the worst quarter for year-over-year comparisons, [and] you're likely at or near the nadir for economic growth, which is hitting revenues and earnings," he says. According to Hill, something like two-thirds of S&P 500 companies are in "negative revision trends," meaning analysts are busy slashing their earnings forecasts. But while that lowers the bar for this reporting period, Hill's research suggests more companies than ever may miss even these lowered targets, since analysts' forecasts tend to lag behind events. And investors will be in no mood to forgive such misses until they know when the economy will get better. Hill's view of this earnings season: not enough Dells, entirely too many Sycamores (SCMR). "To make any sort of a bottom, the market must be able to rally on bad news, and we obviously are not there yet." A bad-news rally could take shape if more grim economic data raises the likelihood of quicker interest-rate cuts by the Federal Reserve. Friday's surprisingly weak jobs report didn't help the indexes, but perhaps poor retail numbers on Thursday or a weaker preliminary reading of the University of Michigan Consumer Sentiment Index on Friday will do the trick. Calls for Fed action soared like a Greek chorus on Friday and will, if anything, build next week as the earnings and economic data trickle in. Will the Fed listen? Will the market tank if it doesn't? That's a visibility issue.