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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (78515)	6/12/2001 1:46:29 PM
From: t2	Read Replies (1) \| Respond to of 99985

B, I forgot one other name, Oracle. There was so much worry over them preannouncing. However, they passed that test. Earnings are out next week and they are expected to be weak. That should be a case of the largest database company not being able to move the markets....reasons given for their weakness will be IBM, MSFT etc. taking market share or putting margin pressure;and the analysts are mostly bearish on them anyways. In the case of Nokia you could NOT say that Motorola was taking market share...you would be laughed at if you did.<g> I am actually starting to think Motorola and Asian handset makers may be a bit of a problem for NOKIA..ie. making it harder for NOK to keep gaining share ...and gaining share was part of Nokia's growth story. I bet most would not agree with me on this point yet. I am waiting to put Motorola on my buy list.

To: Boplicity who wrote (78515)	6/12/2001 2:42:48 PM
From: t2	Read Replies (3) \| Respond to of 99985

There are some reasons for the rebound in technology stocks. The comments on these stocks by the analysts are very significant IMHO. Especially when one looks at the positive comments out of the Merrill Lynch analyst. How long before their technology analyst group starts to pick the bottom in technology stocks...Like I stated earlier, they are the most bearish among the big firms. They don't even have to go to "buy" ratings to move the stocks. I don't know if this story will play out to the end of day today but it is something to keep mind as we head forward. IF other companies at these tech conferences make similiar comments, this may turn into "suprise announcement season" instead of "warnings season". In fact, confirming guidance is becoming a common practice since late last year. That could cause problems for traders that usually go short into this period. We shall see how "warnings season" pans out. 12:41PM Foundry Networks (FDRY) 18.90 +1.07: Hearing from trading floor sources at CIBC that FDRY presentation at the CIBC conference was positive, with the company noting that it's a lot further along this quarter than last; hearing that CIBC now sees potential for 10% upside surprise vs its flat revenue forecast for the June qtr. 1:21PM Extreme Networks (EXTR) 30.49 +0.52: -- Update -- There was reason for EXTR's run other than the strength of FDRY/FFIV: Merrill Lynch is out with a note this afternoon stating that they spoke with the Extreme CFO prior to the firm's 1:30 pm ET appearance at the CIBC conference; Merrill says that EXTR says that the Jun qtr is the most linear in a year, that the company saw a stronger than expected April/May and expected acceleration in June, and that discounts/selling prices have been in line with expectations. finance.yahoo.com