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

To: Johnny Canuck who wrote (40961)	4/6/2004 1:16:23 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70762

07:45 Q1 was good for video games -- First Albany First Albany says Q1 was a strong start to what should be a very good 2004 for video games. Although the final numbers will be reported in the coming weeks, earnings for the firm's coverage group of software companies were up 25.5% yoy, an acceleration over the 20% yoy growth in calendar 03. The firm is encouraged by upside announcements of ATVI and THQI. With the recent Xbox price cut driving fundamentals in the near term, a potential competitive response from Sony before the holiday, the upcoming E3, and a strong pipeline to stimulate demand, fundamentals are trending positively for the year. From a stock perspective, the group continues to outperform other indices, up 92% quarter over quarter vs the Nasdaq's 51% growth and the S&P's increase of 32%. ATVI (16.50) (has the most earnings upside potential in the group in 2004), THQI (20.66) (has the pipeline in place to outperform estimates), ERTS (55.36) (should continue to be a solid large-cap growth stock in 2004, but valuation is approaching target), ATAR (3.54) (pipeline is delivering higher-quality software and sales are gaining momentum. Firm expects a recovery in 2004). 07:43 T AT&T plans return to wireless business - Reuters (19.49 ) Reuters reports less than two months after the sale of AT&T Wireless to Cingular was announced, AT&T Corp. is already looking for a partner to help it get back into the wireless business. The largest U.S. long-distance company has recently said it will quickly re-establish its brand in the growing market for wireless phones once the Cingular deal is complete, by reselling the service of another wireless company, as Virgin Mobile does with Sprint Corp.. The question being raised in the industry is whether AT&T will look to a rival such as Sprint, which could offer the widest coverage and a variety of services, or avoid a direct competitor in favor of a smaller player, such as Nextel Communications Inc. 07:34 ANDW Andrew Corp boosts outlook (18.19 ) Company guides Q2, sees EPS of $0.09-0.11 (excluding non-cash intangible amortization and restructuring costs of approx $0.05), vs the Reuters Research consensus of $0.06, and revenues of $440-450 mln vs an estimate of $366.9 mln. Co attributes "positive benefits and synergies of having the most complete RF footprint product portfolio in the wireless infrastructure market."