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

To: Gottfried who wrote (58311)	1/1/2002 11:44:17 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Interesting, I have been reading several other threads and have heard “talking-up” on Bio being the next thing to lead the way. You posted, I smell a plot to lure the small investor into highly unpredictable biotech stocks. You maybe onto something about the Bio’s business. MM needs something to push up and down to encourage the transactions, which is where Brokerages make their Big-Bucks. AD’s three to five round trips daily helps to pay the brokers “hire help”, the actual price of the stock does not generate the high revenue. For me, I know nothing of Bio’s, so with 19 year in High Tech, I will try to stay with “what I know”, or at least I think I know. Thanks for your observation. Stan

To: Gottfried who wrote (58311)	1/2/2002 9:08:08 AM
From: Return to Sender	Respond to of 70976

Semis going up a bit at the open. From Briefing.com: 8:30AM : The pre-market bias is mixed with the S&P 500 futures 1 point below fair value, the Nasdaq 100 futures are 9.5 points above fair value while the Nasdaq 100 PMI is up 9.7 points. Reports that South Korean chipmaker Hynix Semi had raised its price of chips it sells to PC makers has sparked some interest in the tech sector. 7:54AM GlobeSpan Virata (GSPN) 12.95: Needham & Co upgrades to STRONG BUY from Buy and raises price target to $27. Firm believes GSPN's balance sheet of $570 mln in cash (or roughly $4 per share) provides it with the resources necessary to continue to fund new product development. Firm forecasting 2001 EPS of ($0.02), 2002 of $0.06, and introducing a 2003 est of $0.54. 6:40AM : Nikkei closed%, Hang Seng -0.41%:Asian stocks mixed. Korea's Kospi index pushed to a sixteen-month high thanks to a 15% surge in Hynix Semiconductor. Hynix was buoyed by news that it raised its chip price for the third time in less than a month. Chipmakers also provided a decent boost for Taiwan, though China Mobile proved to be a drag on Hong Kong's Hang Seng index. finance.yahoo.com RtS