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

To: Dealer who wrote (39108)	7/17/2001 8:57:48 AM
From: stockman_scott	Respond to of 65232

MARKET TALK:Paul Allen Unloading Some Tech Names Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:50 (Dow Jones) In filings released late Monday by the SEC, Microsoft (MSFT) co-founder Paul Allen's investment vehicle, Vulcan Ventures, revealed it intended to sell 200,000 shares of software maker BSquare (BSQR), 212,500 shares of Internet programming company CNET Network (CNET), 500,000 shares of telecommunications firm Corvis (CORV) and 570,000 shares of applications service provider Corio (CRIO). (GK) 8:44 (Dow Jones) Favorite groups of Investor's Edge technical analyst Gary Kaltbaum: auto parts, newspapers, medical (hospitals, HMOs), pollution control, railroads, REITS, S&Ls and trucking. Negative on these sectors: investment brokers, gaming, radio/TV, biotech and drugs, oil & gas (drillers, equipment, exploration, production), drug and supermarkets, and tobacco. (TG) 8:34 (Dow Jones) Lifting Treasurys this morning: lower stock futures following soft earnings news, long end gets a buyback announcement Wednesday, global picture gets bleaker. Pressuring Treasurys: Argentina is less volatile with opposition support of austerity plan, front end gets a two-year announcement tomorrow, Greenspan seen optimistic on Wednesday. (SV) 8:30 (Dow Jones) As Wall Street takes in corporate America's 2H views - horrible 2Q numbers are a thing of the past - the open for stocks looks tentative. Of course, there's something for everyone already - GM says current 3Q and full-year views are doable, while Kodak (EK) says it sees no signs of economic recovery, the U.S. is still weak, and other regions are even weaker. Big day on the data front - weekly retail sales numbers, capacity utilization and industrial production for June, as well a speech on inflation from Fed Gov. Meyer. The real potential for fireworks comes after the bell and on Wednesday - Intel (INTC) reports tonight, Greenspan talks to pols tomorrow. Stock futures just a little softer. (TG) (END) DOW JONES NEWS 07-17-01 08:51 AM * end of story *

To: Dealer who wrote (39108)	7/17/2001 9:25:08 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

09:14 ET Biogen (BGEN) 49.45: -- Update -- SG Cowen says Avonex sales significantly beat firm's estimate; expects expenses to go up, but solid revenue trends should keep EPS intact.

To: Dealer who wrote (39108)	7/17/2001 10:33:58 AM
From: stockman_scott	Respond to of 65232

09:36 ET JDS Uniphase (JDSU) 10.36 -0.25: Trading floor buzz that company will take a huge goodwill writedown this quarter; the source of this rumor is easier than most to track down: it came from the company; during their Mar qtr conference call, the company discussed the possibility of a $40 bln goodwill writedown related to past acquisitions (SDLI, ETEK), but that it was unsure of the accounting issues created by a writedown that was larger than its market cap. !!!