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To: Chi-X who wrote (9195)	10/22/1997 4:59:00 PM
From: Darin	Respond to of 70976

To All, Big surge in IT spending good news for IC makers By Ismini Scouras Electronic Buyers' News SAN DIEGO --Semiconductor manufacturers will be a big beneficiary from the massive amount of capital being allocated toward information technology, according to Manny Fernandez, chairman, president and chief executive of Gartner Group, speaking at the Dataquest Semiconductor Industry conference here this morning. This year, $650 billion will be spent on information technology (IT), said Fernandez, who predicted the total IT market will grow to $1.3 trillion in the year 2001. He added that the increase in IT spending will directly result in a greater demand for semiconductors worldwide. Semiconductor market growth will get a boost from the obsolescence of software, Fernandez predicted. About 60% of today's existing software will be obsolete by the year 2001, he added, and chip consumption will also be driven by the continuous move to "mobility." Nearly "50% of all telecommuters today will not come back to the office," Fernandez said. "If you look at every dollar that is spent on IT, 3% is going into the mobile environment." The move towards mobile computing will expand and create new demands for chips, he said.

To: Chi-X who wrote (9195)	10/22/1997 5:31:00 PM
From: Jumper	Read Replies (1) \| Respond to of 70976

Chi, do the Spice Girls have a take on the recent weakness? The other night at Meow Mix the girls and I were going over the split effect. Jumper

To: Chi-X who wrote (9195)	10/22/1997 8:16:00 PM
From: Steve Byers	Read Replies (1) \| Respond to of 70976

THERE IS NO TENDENCY to retrace to presplit prices... don't be fooled... unless you think earnings double, the number of shares double and the shares trade on expected earnings... there is an extraordinarily small, to the point of being almost insignificant correlation between splits and dividend increases on the price increases of stocks... there is research on this and I had to build pricing models for PW on security pricing behavior a couple of years ago... and had a research dept head, PHd, who is now a dept chairman at William and Mary do the research and seek out previous work... you can call him if you like, his name is George Oldfield... former head of Research at PW... but trust me on this...there is NO "tendency" to retrace price movement to old presplit prices... none, nada, zippo... companies who split have to keep earnings momentum/growth in order to continue increasing share price... increaing market share in a growing market, all the standard investment stuff... good luck...

To: Chi-X who wrote (9195)	10/23/1997 9:25:00 PM
From: thomas hayden	Read Replies (1) \| Respond to of 70976

Mr. Chi-X "the spice girl" hath Spoken!, I believe if you check into your "split phenom" theory, you will discover you are wrong. 75% of stocks that run up big in anticipation of a split go through a 3 month or so depression and will either churn water or decline after the split. Some recent examples AMAT, ORCL, INTC. A notable exception that sticks out is DELL. One other thing, it is difficult to take a student like yourself seriously when you make the pronouncement "Chi-X hath spoken!" Simply, Tom Hayden