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Non-Tech : The Dazzling and New Women of SI Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rainy_Day_Woman who wrote (183)	6/7/2002 8:54:34 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 228

8:35AM: The futures are pointing to a sharply lower open mostly due to a warning from Intel (INTC 27.00), but also a warning from Biogen (BGEN 47.70). The Nasdaq looks to open at it lowest level since early October. Key support for the Nasdaq can be found in the 1500 area. The hope is that this will be the capitulation many have been seeking in order to establish a bottom. Examples of weakness: INTC -17%, NVDA -8%, AMAT -9%....Biogen is down 15% as it sees lower Avonex sales; RF Micro (RFMD 15.24) is down 25% as it warned this morning.... One last disaster is Tyco Intl (TYC 14.60), which is trading at a 5-year low of 11.55 as the WSJ reports if NY prosecutors find that TYC used company money to pay for personal property, they could seek to indict the company and its officers...S&P 500 futures are trading 18.1 pts below fair value, Nas 100 futures are trading 48 pts below fair value. Nas 100 PMI -48.