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.

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

To: StanX Long who wrote (62965)	4/18/2002 11:50:14 PM
From: Gottfried	Respond to of 70976

Stan, the MSFT miss was a godsend for the Street. It will drive prices closer to max-pain[tm]. Gottfried

To: StanX Long who wrote (62965)	4/19/2002 12:34:25 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian Stocks: Japan Falls, Led by Sony, DoCoMo; Singapore Drops By Michael Tsang quote.bloomberg.com Tokyo, April 19 (Bloomberg) -- Japanese stocks fell for the first day in five, led by Sony Corp. and Fujitsu Ltd., after Microsoft Corp. cut sales and earnings forecasts, damping optimism demand for computers is recovering. The Nikkei 225 stock average dropped 1.3 percent to 11,428.56. The Topix index shed 1.1 percent to 1083.70, with computer-related shares the biggest group decliners. NTT DoCoMo Inc. led telephone-related stocks lower after Nokia Oyj cut its 2002 sales forecast. Microsoft and Nokia illustrate that ``business conditions are still weak and the global outlook this year remains gloomy,'' said Masayuki Kubota, who helps manage $7.6 billion in Japanese equities at Daiwa SB Investments Ltd. ``A recovery in earnings just isn't clear enough to justify recent price gains.'' Microsoft's third-quarter results pushed Singapore's Straits Times Index down 0.7 percent, led by Venture Manufacturing Ltd. South Korea's Kospi index snapped a six-day advance, losing 0.7 percent, with Hyundai Motor Co. and other exporters dropping. In Taiwan, Hua Nan Financial Holdings Co. lifted the TWSE Index 0.8 percent as the island's banks began selling bad loans to clean up their balance sheets. Hong Kong's Hang Seng Index lost 0.3 percent after the International Monetary Fund said the city's 2002 economic growth will be the slowest in the region. Japan's DoCoMo, the world's largest mobile-phone operator, shed 1.2 percent to 334,000 yen. European rival Nokia cut its full- year sales forecast and said first-quarter profit slumped 11 percent as demand for handsets waned. KDDI, Murata