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To: Sig who wrote (171725)	11/20/2002 6:57:17 PM
From: stockman_scott	Respond to of 176387

Rally sends Nasdaq to seasonal high Index climbs nearly 45 points; H-P beats estimates By Rex Crum, CBS.MarketWatch.com Last Update: 5:24 PM ET Nov. 20, 2002 NEW YORK (CBS.MW) -- Technology stocks followed chip and hardware issues higher Wednesday in a broad rally that sent the Nasdaq Composite Index to its highest close in three months. After the closing bell, Hewlett-Packard delivered a quarterly report that showed the computing titan beat Wall Street estimates with earnings of 24 cents a share. See full story. On the whole, technology stocks had one of their best-performing days in several week. The Nasdaq Composite Index ($COMPQ: news, chart, profile) turned around from two days of double-digit losses and posted a gain of nearly 45 points, or 3.3 percent, to close at 1,419.35. It was the Nasdaq's highest close since Aug. 22, when it finished at 1,422.95. Technology stocks got a boost early in the day after Soundview Technology analysts delivered a cautiously positive view of the semiconductor sector. In a brief report, Soundview said that the first quarter of next year could mark a much-anticipated "turn in the order picture for the semiconductor capital equipment industry." Soundview also raised price targets on Teradyne (TER: news, chart, profile), Novellus Systems (NVLS: news, chart, profile), Lam Research (LRCX: news, chart, profile) and Analog Devices (ADI: news, chart, profile). Teradyne's shares climbed $2.26, or 18 percent, to $14.91, while Novellus rose $2.17 a share to $34.13, Lam Research gained $1.19 to close at $14.11, and Analog Devices climbed $1.81 to $29.81. Against this backdrop, the Philadelphia Semiconductor Index ($SOX: news, chart, profile) advanced 8.3 percent. Bellwether Intel (INTC: news, chart, profile) rose $1, or 5.5 percent, to close at $19.15. Chip-sector gainers also included TriQuint Semiconductor (TQNT: news, chart, profile), up 47 cents at $6.24; Xilinx (XLNX: news, chart, profile), up $1.93, to close at $22.53; and KLA-Tencor (KLAC: news, chart, profile), which rose $3.03 to $39.82. Applied Materials (AMAT: news, chart, profile) rose 79 cents to close at $15.86 and Micron Technology (MU: news, chart, profile) gained 86 cents to reach $14.59. IBM, H-P push hardware shares up Hewlett-Packard (HPQ: news, chart, profile) shares gained 30 cents to close at $16.85 just before the company released its fourth-quarter figures that showed revenue coming in at $18 billion. CEO Carly Fiorina said the H-P's results showed that it was "delivering on the promise" of its merger with Compaq Computer. IBM (IBM: news, chart, profile) also led hardware issues higher, but it was its services and consulting business that fueled investor interest in Big Blue. Resuming their recent bull run, IBM's shares climbed $3.24 to close at $81.61 after the company said it would put $1 billion over the next three years into its consulting and services operations. See full story. IBM also announced plans to sell $2 billion worth of global bonds. See full story. Elsewhere, EMC (EMC: news, chart, profile) rose 24 cents to $6.34, Dell Computer (DELL: news, chart, profile) climbed 87 cents to close at $29.21, Gateway (GTW: news, chart, profile) rose 21 cents to $3.72, Apple Computer (AAPL: news, chart, profile) rose 26 cents to $15.53 and Sun Microsystems (SUNW: news, chart, profile) squeezed out a gain of 4cents to close at $3.62. Software, networkers on the rise Microsoft (MSFT: news, chart, profile) led the software sector higher, as its shares rose $1.79 to close at $56.62. Other software notables included Oracle (ORCL: news, chart, profile), up 37 cents to $10.74; Adobe Systems (ADBE: news, chart, profile), which rose $1.01 to close at $28.40; and Veritas Software (VRTS: news, chart, profile), up $1.34 to finish at $17.60. Siebel Systems (SEBL: news, chart, profile) took back 32 cents to close at $8. The Teachers' Retirement Systems of Louisiana amended a lawsuit against the software company, alleging that Chief Executive Tom Siebel "knowingly certified inaccurate financial results" with the Securities and Exchange Commission, but Siebel issued a statement denying any allegations of impropriety. Networkers also showed strength, as the Amex Networking Index ($NWX: news, chart, profile) climbed 5.3 percent. Cisco Systems (CSCO: news, chart, profile) rose 72 cents to close at $14.38. The top maker of networking gear was the most actively traded issue on the Nasdaq with 85.5 million shares exchanged. Juniper Networks (JNPR: news, chart, profile) gained 40 cents to reach $7.28, Emulex (ELX: news, chart, profile) rose $1.79 to end the day at $21.92, Ciena (CIEN: news, chart, profile) climbed 22 cents to $4.46 and Lucent Technologies (LU: news, chart, profile) inched up 4 cents to close at $1.24. Rex Crum is a reporter for CBS.MarketWatch.com in San Francisco.

To: Sig who wrote (171725)	11/21/2002 3:52:28 PM
From: stockman_scott	Respond to of 176387

At Comdex, CEO Makes Prediction For Tech Recovery By Ibd Staff Investor's Business Daily Thursday November 21, 10:40 am ET The tech recovery is under way, and National Semiconductor Corp. Chief Executive Brian Halla says he knows the date it will be in full bloom. Drum roll, please . . . June 21, 2003. That's right, just seven months from now. That's the date when the fastest growth will occur in the new technology adoption wave. Halla made his bold prediction in a keynote speech Tuesday at the Comdex trade show in Las Vegas. "We're already in an uptick," he said. A flurry of new electronics devices for consumers and businesses will drive the next technology adoption curve. Leading the new boom are next-generation cell phones with color screens and other features, as well as digital cameras, flat displays, voice-recognition products and overdue upgrades to corporate information technology infrastructures, Halla says. Later in the cycle, new products that will continue the rally include disposable pill cameras that doctors will use to photograph patients' insides and smart personal objects such as refrigerator magnet displays that can show sports scores, news headlines and personal calendar data. Other future high-volume products are biometric cards and security cameras. His prediction is more than mere speculation. It's based on a mathematical formula and analysis of monthly semiconductor sales data over the last two decades. Company scientists studied the boom-and-bust cycles of mainframe computers, PCs and the Internet. They noticed that the chart pattern looked like a sine wave, a type of electronic signal that follows a mathematical pattern. National Semiconductor factored in new market dynamics, such as growing demand for tech products in China, and made adjustments based on chaos theory. A big factor that pushed the date back by a couple of months was the possibility of war with Iraq, he says. -PATRICK SEITZ And The Gadgets Keep Coming New wireless gizmos are drawing admiring crowds at Comdex. Samsung is among firms debuting next-generation handheld computers. Its Nexio, about the size of a flat, jumbo bar of chocolate, will be out in March for $749. The elegant device's screen mimics a full-size computer's. The Nexio runs on Microsoft's CE.net embedded operating system and features built-in 802.11b wireless capabilities. "What sets the device apart from other existing handheld devices is we have a 5-inch display that's capable of supporting 800 x 480 resolution," said David Nichols, director of product marketing for Samsung Electronics. "What that means to real end-users is your desktop viewing experience can easily be recreated on the Nexio device." Samsung also showed the I-330, a sleeker version of its current mobile phone/Palm PDA combo. It will be out next month for the Sprint PCS wireless phone network. Among other Palm OS devices on display is a 2mb Fossil PDA wrist watch, due out in 2003. It will run all Palm applications, and features the Graffiti handwriting recognition system and infrared communication capabilities. -DONNA HOWELL The Force Of Copyright Protection "Star Wars" creator George Lucas and the president of media giant News Corp., Peter Chernin, said Tuesday the technology and entertainment industries need to form a partnership to stop the rampant piracy of movies, music and other digital properties on the Internet. In a presentation at Comdex, both warned of dire consequences for the entertainment business if the problem goes unchecked. Lucas said the studios won't fund "larger budget popcorn movies" if piracy drains theatrical and home video sales. "I'm here to say there is no free lunch," Lucas said. "No matter how free it seems, somebody somewhere is paying for it." The tech industry could profit from improved digital rights management and other content security measures, Chernin says. Plus, the entertainment industry could fuel spending on broadband Internet and home networking gear by making more of its content available, he says. Chernin expressed outrage that the theft of music and video online wasn't being treated with the same urgency that would occur if billions of dollars in clothes or other physical goods were being stolen. -PATRICK SEITZ USPS Delivers For E-Commerce The U.S. Postal Service is working on next-generation services to support e-commerce. One demonstrated at the Comdex show in Las Vegas this week is a USPS electronic postmark. Businesses will soon be able to use it to date and time-stamp virtual documents, such as contracts signed online, to prove their integrity. "We should be ready to roll in a couple of weeks," said Barry Bergman, a vice president at AuthentiDate Inc. The Schenectady, N.Y. firm provides the electronic postmark technology to the postal system. "It's a service that is needed, with more and more electronic content happening. There wasn't an equivalent capability that matched the paper-based electronic postmark." Bergman says the system is more secure and easier to use than one developed in the mid-1990s. The new electronic postmark technology is built to work in a Web services environment, where several software programs interact automatically online to do a complex task. The postmark service will also be available via an extension to Microsoft Office XP early next year. Microsoft itself plans to become an early adopter of the technology. -DONNA HOWELL biz.yahoo.com