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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (3496)	9/30/2002 4:54:05 PM
From: Techplayer	Respond to of 57110

Briefing.com comments made earlier... Tech Strategy : CSFB lifts their technology hardware weighting to 35% below benchmark from 45% and reduces their software weighting to 10% underweight from benchmark; hardware remains their biggest sector underweight but firm acknowledges that some potentially misleading valuation measures are below pre-bubble averages & IT spending is now two standard deviations below trend .. CSFB continues to prefer software over hardware and recommends NOK, CSCO, CLS, EMC, DELL, MSFT, and SAP. Qualcomm (QCOM) 28.02 -0.59: One of the more cautious analysts that covers QCOM, UBS Warburg raises their 2002 and 2003 global CDMA handset forecast to 81 mln and 90 mln units from 75 mln and 82 mln units (in line with co guidance); believes that the rollout of cdmaOne and 1x in Japan is tracking to expectations and expects demand for approx 10 mln CDMA handsets in 2002 and 2003. UBS also raises their 2002 and 2003 EPS ests to $0.95 and $1.10 to reflect better than expected end-market demand ... firm maintains their Hold rating, on their belief the stock is not likely to trade materially higher from current levels until inventory issue is resolved. 14:00 -- 15:00 ET (Updated throughout the hour)****** Soundview on Storage Area Network stocks : Firm thinks storage stocks' decline on preannouncement fears over last week has been overdone; believes stocks are pricing more bad news than is warranted. As such, firm upgrades McDATA (MCDT 5.55 -0.25)...see In-Play for details; suggests to buy Brocade (BRCD 7.59 -0.24) and Emulex (ELX 11.35 -0.35) due to reasonable valuations and cos' capacity to benefit from recovery; continues to think QLogic (QLGC 26.04 -0.92) is expensive.

To: MulhollandDrive who wrote (3496)	9/30/2002 4:54:53 PM
From: Original Mad Dog	Read Replies (2) \| Respond to of 57110

The Dow and S&P 500 both declined about 18-percent in the third quarter while the Nasdaq registered a 20-percent loss. I wonder how many quarters in the past that major indices have gone down this much. And also, what they did in the succeeding quarter. Anybody know where to get that information?