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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (56043)	11/20/2001 8:13:09 PM
From: advocatedevil	Respond to of 70976

"No Smirking Bears Allowed" (an interesting commentary IMO) Copied from a post by orkrious at: Message 16687241 snip: Looks like lots of softness in the technology sector. A reader who runs a hedge fund explained to me some of the issues in the technology sector. I thought this was interesting, so I'll try to paraphrase the best I can. Over the last month the technology bulls had the following good news: Intel (INTC:Nasdaq) provided positive sequential guidance for the third and fourth quarters. Motherboard sales news from Taiwan was strong; WindowsXP first week sales were strong. There was positive chip news from companies such as Nvidia (NVDA:Nasdaq) and Genesis Microchip (GNSS:Nasdaq) due to Microsoft (MSFT:Nasdaq) Xbox start-up and DRAM prices spiked up to $1.60. This week things don't look as rosy. Dell (DELL:Nasdaq) directly contradicts Intel by saying fourth-quarter revenues for the PC industry will be sequentially down vs. the third quarter. The DRAM price spike quickly fades and contract prices go to the low $1's. Motherboard makers starting to hint that November is looking very weak and that October may have been mainly channel fill. This morning WindowsXP second-week sales show a 50% decline and Staples (SPLS:Nasdaq) conference call says hardware sales have been very weak. They have seen no increase at all from the XP launch and were disappointed in sales. AdvocateDevil