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To: SusieQ1065 who wrote (199)	6/20/2001 5:46:44 PM
From: keithcray	Respond to of 208838

LSI Logic (LSI) 18.07 -0.30: Company to fire 3% of its workforce according to CNBC.

To: SusieQ1065 who wrote (199)	6/20/2001 6:14:16 PM
From: SusieQ1065	Read Replies (4) \| Respond to of 208838

Not all telecom/networking stocks are cut from the same cloth... Companies such as Qwest (Q), Extreme Networks (EXTR), Brocade (BRCD), Corning (GLW), Verizon (VZ), Nextel (NXTL), Juniper (JNPR), Ciena (CIEN) are going to emerge from the downturn in a solid shape... Updated: 21-Jun-01 General Commentary Unless you had pulled a Rip Van Winkle, you knew coming into warnings season that the sector was going to get roughed up... With the vast majority of pundits predicting an earnings trough in Q2 or Q3, it only made sense that the number of warnings would be uncomfortably high... Consequently, the market's retreat over the past few weeks shouldn't be a surprise... But for some reason that's exactly how many investors are reacting. Yes, the scope of the declines in the networking/telecom groups has been a bit alarming - but there was plenty of evidence out there suggesting trouble ahead... Right now the selling in these groups has become very emotional, which is another way of saying irrational... Not all telecom/networking stocks are cut from the same cloth... Companies such as Qwest (Q), Extreme Networks (EXTR), Brocade (BRCD), Corning (GLW), Verizon (VZ), Nextel (NXTL), Juniper (JNPR), Ciena (CIEN) are going to emerge from the downturn in a solid shape...Don't expect miracle rallies overnight, but the recent bloodbath setting group up for at least a moderate trading rally once the news cycle shifts. Returning to the general topic of warnings, investors need to weather about two more weeks of bad news... That may seem like a lot of time, but consider that a) traders are unlikely to sell aggressively into next week's FOMC meeting, b) investors are likely to cover shorts prior to the end of warnings season for fear that sector/market will stage another post-warnings season rally, and c) many of the warnings are already out, suggesting a diminishing impact for future confessions (unless of course they come from "sacred cows" such as MSFT or IBM)... In other words, the sector has probably made it through the worst of warnings season... Not to say there won't be a few more air pockets, but we can see the light at the end of the tunnel. As long as the Nasdaq manages to hold above retracement supports over this period, and the indiex has showed impressive resilience to date, the sector will be well positioned to resume the recovery rally come early-, mid-July. Robert Walberg

To: SusieQ1065 who wrote (199)	6/21/2001 5:35:48 AM
From: SirRealist	Respond to of 208838

Too funny: MaverickTrader.Com Announces Investment Opinion: SPECIAL ALERT: Price Upgrades WEDNESDAY, JUNE 20, 2001 8:26 PM - BusinessWire SHREVEPORT, La., Jun 20, 2001 (BUSINESS WIRE) -- MaverickTrader.Com upgrades the price target on many key stocks, says MaverickTrader.Com President, Don Harrold. "The markets turned up months ago. MaverickTrader.Com was bullish then, and bullish now," says Mr. Harrold. "When 'mainstream' analysts were spooked, we felt the need to make a bold bull call. We see some of the same 'spooked' analysts now," adds Mr. Harrold. MaverickTrader.Com believes that any bull run will be accompanied with volume spikes for stocks like, Verity (Nasdaq:VRTY), National Oilwell (NYSE:NOI), Lennar Corp. (NYSE:LEN), Fannie Mae (NYSE:FNM), Network Appliance (Nasdaq:NTAP). Dewey Burchett, RIA, says, "The market is certainly not out of the woods, but the action today was encouraging considering the doom and gloom cast over the wires earlier this morning." About MaverickTrader.Com: mavericktrader.com You missed MaverickTrader.Com's latest picks. You NEED next week's stock picks FREE! Get FREE stock picks today at: mavericktrader.com ************************ And what did DBAB say at 2 pm? RESEARCH ALERT-DB Alex. Brown starts computer companies WEDNESDAY, JUNE 20, 2001 2:00 PM - Reuters NEW YORK, June 20 (Reuters) - Deutsche Banc Alex. Brown said on Wednesday it started coverage of six computer-related companies, rating EMC Corp. (NYSE:EMC) and Hewlett-Packard Co. (NYSE:HWP) as strong buy. Analyst George Elling put a $50 price target on EMC and a $40 price target on Hewlett-Packard. He also started coverage of Sun Microsystems Inc. (NASDAQ NM:SUNW) with a strong buy and a $30 price target, and placed buy ratings on International Business Machines Corp. (NYSE:IBM), with a $135 price target, Lexmark International Inc. (NYSE:LXK) with a $70 price target, and Network Appliance Inc. (NASDAQ NM:NTAP) with a $20 price target. In Tuesday trading on the New York Stock Exchange, EMC closed at $26.67, Hewlett-Packard closed at $26, IBM closed at $114.84, and Lexmark closed at $58.27. Meanwhile, on Nasdaq, Sun closed at $14.66, and Network Appliance closed at $13.29. REUTERS Rtr 14:00 06-20-01 Selector Code: reuco Copyright 2001, Reuters News Service ************************************ Sorta different than Merrill said in pre-mkt that was reiterated at noon: RESEARCH ALERT-Merrill cuts views on data storage stocks WEDNESDAY, JUNE 20, 2001 12:00 PM - Reuters NEW YORK, June 20 (Reuters) - Merrill Lynch analyst Thomas Kraemer, citing shifts in the data storage industry, on Monday cut his long-term investment ratings on computer makers Sun Microsystems Inc. (NASDAQ NM:SUNW) and Hewlett-Packard Co. (NYSE:HWP) to ''accumulate'' from ``buy.'' ``We think hardware pricing is going to be under pressure,'' said Kraemer in a conference call. ``We do not believe storage costs as a share of IT (information technology) spending is going to increase significantly.'' ``We are concerned that the coming trend to network storage and data centers will create additional challenges for HP,'' Kraemer said. Kraemer also cut his price target for data storage leader EMC Corp. (NYSE:EMC) to $43 from $48. ``The $5 reduction in the EMC price target results from our having lowered our gross margin assumptions,'' he said, pointing to EMC's Symmetrix, Clarion, and IP 4700 (Chameleon) storage subsystems. Kraemer lowered his intermediate term rating on EMC rival Network Appliance Inc. (NASDAQ NM:NTAP) to ``neutral,'' citing new research finding that storage subsystems pricing will be under pressure. Network computer maker Sun Micro is facing some difficult transitions, including building its storage business, Kramer said. ``We are concerned long term that Sun must make a series of transitions in a deteriorating economic environment and a tougher competitive one, too,'' he wrote in a note to clients. ''Building a storage business, migrating an operating system, while transitioning a server business sound like very challenging tasks to manage under any circumstances.'' REUTERS Rtr 12:00 06-20-01 Selector Code: reuco Copyright 2001, Reuters News Service *************************************** One thing for sure: somebody's right. Let's hope it's us.