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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (3270)	12/16/2002 8:52:36 AM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

OT: I guess I am still an optimist at heart. You thinking about shorting the higher open this morning? From Briefing.com: 08:24 ET Newsletter writer sees INTC, DELL, AMAT as shorts. Barron's reports that Fred Hickey remains bearish on tech. Intel (INTC 17.58) rates among Hickey's favorite shorts. And, while he views Dell Computer (DELL 26.63) as an excellent company, he also thinks it's a "superb short". He believes DELL's P/E of 34x earnings is "too high for an industry that is sinking". He says he would be willing to buy Dell at the right price, which he estimates is about 10x earnings, or approx. $9 and change. Hickey notes that Applied Materials (AMAT 13.56) trades at almost 5x sales vs the 2x sales stock hit at the trough in 1998. At a more modest 2x revs, AMAT shares would sell at $6.