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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (37031)	5/16/2002 12:04:40 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69795

09:27 ET MRVL Marvell's GigE rev growth at risk from Intel-- Piper Jaffray (41.15) USB Piper Jaffray believes MRVL's LOM revenue at INTC will be at risk starting in 2003; channel checks indicate that INTC has working silicon for its GigE PHY core and is likely to be ready for production in 6 months, which will limit MRVL's GigE rev growth and available opportunity as INTC migrates to its internally developed product; INTC and COMS (working with BRCM) have more than 80% share of LOM and NIC mkt and will likely limit MRVL's GigE growth to the highly competitive infrastructure segment; firm believes MRVL's valuation continues to be at a premium multiple over the realistic best case scenario

To: Johnny Canuck who wrote (37031)	5/17/2002 3:55:40 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69795

LAST UPDATE: 05/16/02 6:14p ET Narrow range day puts both bulls and bears to sleep. It looks like we are setting up for another test at QQQ's 50-day moving average. Although we may move higher, individual tech stocks are showing few bullish patterns. So what do we do? The indices are essentially where there were two days ago. Said another way, they haven't been able to show any follow through. More and more investors now have a "show me" attitude. This is likely due to the fact that this market has been brutal to the "buy and hold (hope)" crowd. With that said, if the market fails to resume its up move (or begins to sell off), I think the sellers will return in earnest. Therefore, my song pretty much remains the same. On the short side, look for opportunities in technology. On the long side, I think I'm going to continue to play it close to the vest--sticking with issues that have done well before the last down leg and/or those that can contra to the overall indices (e.g. golds).