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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fischofer who wrote (9557)	11/25/1997 11:12:00 AM
From: KAD	Read Replies (1) \| Respond to of 97611

Bill: Good post! I do too. I seem to recall you called the Tandem deal way before it happened - is that right? If so what does your Crystal Ball fortell? DEC was a rumour last week. Thanks, KAD

To: Bill Fischofer who wrote (9557)	11/25/1997 3:47:00 PM
From: Mohan Marette	Respond to of 97611

The Fidelity Effect on Tech stocks. Bill and thread: According to cnbc Fidelity has been trimming their tech portfolio to some extent during the last few months,however they are not completely out of the sector.They have nearly liquidated 50% of their position in Texas Instruments (from 11% to 5%),AOL,Adobe Sys,KLA etc. Recently they also have been liquidating some of their positions in Oil Services sector. I am inclined to believe that this 'Fidelity effect' has somethigng to do with the recent weakness in the Tech sector. I guess when you move 400 billion dollars around, there has to be some effect.Another interesting point to note is that Fidelity accounts for 12% of the activity on the big board and Nasdaq.Funny thing,though, is that many of their funds haven't been keeping up with the indexes, confirming my theory that even the 'big guys' can often be wrong.