Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (140759)	3/18/2002 4:18:00 PM
From: re3	Read Replies (1) \| Respond to of 164684

hey fowler, got gold ?

To: Mark Fowler who wrote (140759)	3/18/2002 4:19:34 PM
From: H James Morris	Respond to of 164684

Ok, btw this explains the pop in ROOM today. >>Hotel Reservation Network (ROOM: news, chart, profile) gained more than 5 percent after the provider of discount hotel accommodations said Hilton Hotels (HLT: news, chart, profile) has approved the participation of all Hilton and Doubletree hotels in its distribution network. The company boasted that this was the first time Hilton approved full participation by all of its properties.<<

To: Mark Fowler who wrote (140759)	3/18/2002 5:07:44 PM
From: H James Morris	Respond to of 164684

Mark, SEBL moved up to #1 on the tech mo list with a 60 rating. Top 25 Momentum Companies Rank Symbol Company Momentum Rating Buys Holds Sells 1 SEBL SIEBEL SYSTEMS INC News, Chart, Compare, Broker Reports 60 15 0 0

To: Mark Fowler who wrote (140759)	3/19/2002 12:10:20 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>WASHINGTON - The Federal Reserve is likely to take an initial step toward higher interest rates at its meeting this week, analysts said Monday, citing recent optimistic comments by Chairman Alan Greenspan. These analysts don't believe the Fed will actually raise rates at Tuesday's meeting, but they are looking for the central bank's public statement to send a strong signal that future rate increases are on the way. The reason for this view? The economy, which slipped into a recession for the first time in a decade last year, has started 2002 with a surprising amount of strength. "There is no question that the rebound has been stronger and is coming much earlier than many of us anticipated," said Sung Won Sohn, chief economist at Wells Fargo in Minneapolis. The original view was that the recession, which began in March 2001, would be followed by an anemic rebound, at least in the early going, because there was very little pent-up demand from consumers, who kept spending with abandon during last year's downturn. But now economists have a different scenario - strength in the early months will come from a sharp turnaround in business spending to restock empty store shelves after a record decline in inventories late last year. "We could have a blowout first quarter," said David Wyss, chief economist at Standard & Poor's in New York. Merrill Lynch chief economist Bruce Steinberg forecast that economic growth in the current quarter could be at a sizzling 5 percent to 6 percent annual rate, a remarkable change from the third quarter when the economy was contracting at an annual rate of 1.3 percent. In the fourth quarter, the gross domestic product rose at a weak 1.4 percent rate. Greenspan signed onto the "recession's over" camp March 7, when he told Congress that "the recent evidence increasingly suggests that an economic expansion is already well under way." Greenspan is likely to expound on those views Tuesday when he and the other members of the Federal Open Market Committee gather to review interest rate policies. The FOMC last changed rates at its December meeting when it cut the federal funds rate for an 11th time, pushing it down to a 40-year low of 1.75 percent. The Fed's aggressive credit easing has pushed banks' prime rate, the benchmark for millions of consumer and business loans, down to 4.75 percent, the lowest level since 1965. The Fed left rates unchanged at their first meeting of this year on Jan. 29-30, and private economists are predicting a similar outcome this time around with one importance difference. With the increased signs of recovery, economists expect the Fed to switch the forward-looking portion of its statement from one tilted toward economic weakness to a neutral stance in which the balance of risks, in the Fed's view, is equally split between possible weakness and possible rising inflation pressures. Such a switch would put markets on notice to expect rate increases down the road as the recovery gathers momentum and the central bank begins to worry about inflation threats. Sohn said the Fed could start raising rates as soon as its next meeting on May 7, especially if the unemployment rate continues to fall. However, other analysts said the Fed is likely to wait until the following meeting, on June 25-26, to actually start raising rates. "Inflation pressures remain quite muted so the Fed will have some time before feeling the need to raise rates," said Lynn Reaser, chief economist at Banc of America Capital Management. Reaser said she believed the central bank would only gradually raise rates for the rest of the year, pushing the funds rate up in quarter-point moves to 3 percent by the end of the year. In anticipation of Fed credit tightening, financial markets have already started pushing long-term rates higher. The 30-year mortgage rate, which dropped to a 30-year low of 6.45 percent last November, edged above the 7 percent level last week. Economists believe mortgage rates will head gradually higher for the rest of the year. Reaser said that 30-year mortgages will likely be around 7.5 percent by December, up only a half-point from where they are now. "Mortgage rates will be above their lows of last year but still low enough to accommodate a generally healthy housing market,' Reaser said. bayarea.com

To: Mark Fowler who wrote (140759)	3/20/2002 3:03:57 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Mark, How is the Amazon chart looking? Just curious.

To: Mark Fowler who wrote (140759)	3/20/2002 6:05:13 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Mark, since when did Meeker follow VRSN? Last Update: 5:39 PM ET March 20, 2002 SAN FRANCISCO (CBS.MW) -- Shares of Internet security and domain registration giant VeriSign fell more than 9 percent Wednesday after its 10K filing revealed details regarding the company's sales. VeriSign (VRSN: news, chart, profile) lost $2.71 to $26.42. According to the filing, VeriSign recognized $38 million in barter revenue, or 3.8 percent of total sales in 2001. VeriSign did not recognize these sales in 2000. One deal highlighted was a deal with IBM (IBM: news, chart, profile), which included barter revenue. As part of that arrangement, IBM would resell VeriSign's products while VeriSign used IBM's servers. "I think what's causing the most investor concern are the barter deals," said Kevin Trosian, an analyst at Banc of America Securities. What's more, those sales plus revenue from VeriSign affiliates accounted for a significant portion of the company's new sales in 2001. Affiliates are companies with whom VeriSign participated in private rounds of funding. SunTrust Robinson Humphrey estimated that 25 percent of VeriSign's annual increase in sales came from affiliates and barter deals. According to analyst Christopher Hovis, VeriSign's revenue from these deals was $321.2 million in 2001. More clarity Meanwhile, Morgan Stanley's Mary Meeker wrote in a note to her clients that, "the key theme of the 10K was transparency and it seems like there's nothing dramatic between the lines." Meeker also said that even though there was a barter arrangement with IBM, there are also long-term benefits in having IBM as a partner. Additionally, it was disclosed that VeriSign acquired 11 companies vs. the seven Morgan Stanley was aware of. These acquisitions were not significant either individually or in the aggregate, according to analysts. VeriSign shares have been under pressure over its revenue and declining core domain-registration business. To counter this slowdown, the company has been moving aggressively to expand its reach to telecommunications. By doing so, however, it's been difficult to decipher or quantify exactly where the sales have been coming from. The company had said its domain name registry business, which accounted for about 60 percent to 65 percent of the company's business when it acquired Network Solutions in March 2000, would only generate 30 percent to 35 percent of its total revenue in 2002. cbs.marketwatch.com