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To: Andrew Vance who wrote (10571)1/7/1998 1:46:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 17305
 
I see Scott's exit point on RAIN has not been hit. One caveat.

Many daytraders will surely get out by the close. If I were to guess, I would say the likely scenario in the AM will be the MMs marking up the stock at the open and sending it south thereafter.

Whatever you decide, keep that possibility in mind.



To: Andrew Vance who wrote (10571)1/8/1998 11:58:00 AM
From: Andrew Vance  Respond to of 17305
 
*AV* IF I get up early enough in the future, this should be ready by market open.

Andrew

January 8, 1998 AM

* Lehman Brothers said it lowered its rating on shares of
INTERNATIONAL RECTIFIER, ALLIANCE SEMICONDUCTOR, NATIONAL
SEMICONDUCTOR and INTEGRATED DEVICE TECHNOLOGY INC. to outperform
from buy. The Wall Street firm also said it lowered its rating on
shares of ADVANCED MICRO DEVICES INC. to neutral from buy.
(Reuters 11:57 AM ET 01/07/98)

* Deutsche Morgan Grenfell said it lowered its earnings estimates
on shares of ATMEL CORP but kept its buy rating on the stock.
Lowered 1997 earnings estimate to $1.15 per share from $1.30 per
share and 1998 estimate to $1.15 per share from $1.85 per share,
DMG said. Company said late Tuesday it would report a fourth
quarter loss after taking a $160 million charge for inventory
writedowns. It also said some Asian customers were unable to get
credit for purchases. (Reuters 12:38 PM ET 01/07/98)

* PaineWebber said Wednesday it lowered its rating on shares of
ATMEL CORP to attractive from buy. (Reuters 11:22 AM ET 01/07/98)

* The top-tier personal computer companies enjoyed continued
strong growth and Internet search services could produce earnings
surprises in the fourth quarter, Merrill Lynch analysts said
Wednesday. Merrill's technology analysts, who spoke in a
conference call to discuss the fourth-quarter outlook, also
predicted semiconductor equipment companies may not feel the full
brunt of Asia's economic problems in the quarter but as a group
are more likely to miss estimates than exceed them. (Reuters 04:25
PM ET 01/07/98) For the full text story, see
infobeat.com

* LUCENT TECHNOLOGIES introduced a digital signal processor (DSP)
chip for digital cordless phones, answering machines and Internet
appliances that is three times faster than competing DSPs in the
same price range. As a result, the company said, the new chip can
perform several functions simultaneously that used to require two
separate DSPs. For example, a single chip can simultaneously drive
a caller ID display, a speakerphone and a digital answering
machine, thus reducing by nearly 50 percent the cost of
electronics in some multi-function devices. (PR Newswire 10:06 AM
ET 01/07/98) For the full text story, see
infobeat.com

* A lawsuit was filed against PETSMART accusing it of artificially
inflating the company's stock. The suit was filed on behalf of
purchasers of Petsmart common stock between Nov. 19, 1996, and
Sept. 17, 1997, the New York law firm Wechsler Harwood Halebian &
Feffer LLP said in a news release. The suit alleges the defendants
issued false and misleading statements and improperly deferred the
write down of its obsolete preventive flea and tick product
inventory, thus artificially inflating the company's stock.
(Reuters 12:14 PM ET 01/07/98) For the full text story, see
infobeat.com

* Hambrecht & Quist LLC cut its earnings estimate for S3 INC
following the company's sale of a large stake in a joint venture
foundry for making semiconductors, called USC. Cut 1998 earnings
estimate to $0.20 a share from $0.54 based on a smaller
contribution from USC. Maintained a hold rating "due to a weak
earnings outlook for the majority of 1998." (Reuters 11:40 AM ET
01/07/98)

* MARKET NEWS : Late buying helped blue chips recover from a loss
of almost 130 points earlier in the day to end Wednesday's session
with a modest loss. Strength in transportation and oil stocks
helped fuel the late wave of buying, which also spilled into the
battered financial services sector. But the specter of
fourth-quarter earnings disappointments hung over technology
shares and limited their recovery.

* The U.S. Justice Department asked a federal judge on Wednesday
to set aside temporarily his ruling striking down key portions of
the 1996 Telecommunications Act, pending an appeal. In a motion
filed with District Court Judge Joe Kendall, the government said
it would seek an expedited appeal of the judge's Dec. 31 ruling.
Kendall's ruling declared unconstitutional portions of the Telecom
Act that required the regional Bell companies to open their local
networks to competition before being permitted into the lucrative
long-distance market. (Reuters 11:29 AM ET 01/07/98) For the full
text story, see
infobeat.com

* Seagate Technology warns it expects to report a second-quarter loss
from operations prior to restructuring and other one-time charges. The
disc drive maker blames continued pricing pressure and weakness in
demand for the lower-than-projected results. Revenues from drive
operations were ''significantly less'' than anticipated at around $1.5
billion.

* The share price of Atmel closed sharply lower, after the integrated
circuit maker warned it expects to report a fourth-quarter loss. The
California firm said on Tuesday it had decided to take a charge against
receivables and write down its inventory to reflect the uncertain
outlook in Asia. Atmel's share price closed down 2 1/4 at 17 1/8.

* Shares of restaurant owner-operator Rainforest Cafe lost more than 40
percent of their value, after the company warned its fourth-quarter
earnings would fall short of analysts' forecasts. Rainforest Cafe closed
down 12 7/16 at 18 5/16 on the Nasdaq stock market.

* Black & Decker says it expects fourth-quarter earnings to exceed Wall
Street analysts' estimates. The household products and power tools maker
projects earnings will rise 10 percent from the 91 cents per share
earned in the fourth quarter of 1996. It says strong sales of power
tools and accessories in North America helped offset economic turmoil in
Asia and weak conditions in Brazil.

* The Justice Department asked a Texas judge to put on hold
a controversial ruling that overturned a key part of the 1996
telecommunications law.



To: Andrew Vance who wrote (10571)1/8/1998 11:59:00 AM
From: Andrew Vance  Respond to of 17305
 
*AV* - news stories

TSMC Ships 0.25-Micron Production Wafers

Business Wire - January 08, 1998 08:11

HSIN-CHU, Taiwan--(BUSINESS WIRE)--Jan. 8, 1998--Taiwan Semiconductor
Manufacturing Company (TSMC) closed 1997 by shipping production
0.25-micron wafers for a high performance logic product, the first in an
anticipated 10 products scheduled for 0.25-micron production in the
first quarter of 1998.
With this milestone, TSMC becomes the first foundry to commercialize the
process technology that economically accommodates 10-million transistor,
300-megahertz, system-on-chip products. TSMC is ramping this technology,
in three fabs, to 15,000 8-inch wafers per month capacity in 1998 and
much more in 1999 and beyond. "TSMC has set the standard for 0.25 micron
foundry technology," TSMC-USA president Ron Norris commented. "In
parallel we are developing process options for mixed-signal, high
density embedded SRAM and embedded 1-T DRAM functions." Norris added
that these process variations can be expected in the second quarter and
second half of the year; they will be 100% design compatible with the
baseline logic process to allow full design reuse. TSMC's 0.25-micron
logic process offers single poly, five layer metal and borderless
contact design rules resulting in almost double density over 0.35um.
Dual gate oxides provide for 2.5V or 3.3 V
operating voltages with 5 V tolerance. To facilitate design reuse, the
0.25-micron process allows shrinks from 0.5-micron and 0.35-micron
processes and has a built in shrink path to the 0.18-micron technology
that will be introduced in 1999. To accelerate customers' design process
and time-to-market, TSMC is also providing baseline design intellectual
property (IP) with silicon-verified, process-optimized libraries of core
cells and memories. These libraries will be expanded, in partnership
with select IP vendors, to include specialized IP. Taiwan Semiconductor
Manufacturing Company (ADS traded NYSE:TSM, also traded on TSE) is the
world's largest and fastest growing dedicated semiconductor foundry,
manufacturing more than 2.1 million 6 inch equivalent wafers in 1997 and
3 million 1998 with feature sizes down to .25 micron. TSMC continues
aggressive capacity expansion in advanced technologies. WaferTech, the
company's U.S.
joint venture in Camas, Wash., will begin ramping to production in July
1998. In July 1997, TSMC broke ground on Fab 6, the first of 5 new fabs
in Taiwan. Fab 6 will start production in 1999 and build to a capacity
of 60,000 8-inch wafers per month. Subsequent fabs in Taiwan will be
12-inch lines. TSMC has subsidiaries in the U.S. and Europe. TSMC's
0.18um production schedule calls for work with several undisclosed
partners for earliest production beginning in the second quarter of
1999.

===============

Oak Technology Shows Full Line of DVD Reference Designs and Its
Next-Generation VideoCD Solution at CES

Business Wire - January 08, 1998 08:45

LAS VEGAS--(BUSINESS WIRE)--Jan. 8, 1998--

Oak's System Expertise Provides Player and PC Solutions for DVD and
VideoCD Applications

Oak Technology (NASDAQ:OAKT), a provider of semiconductor and
software technology for DVD and VideoCD, will demonstrate its
Toccata(TM) and Tableau(TM) DVD reference designs at this week's Winter
CES '98 in Las Vegas. In addition, Oak will demonstrate the VideoCD
industry's most integrated single-chip solution, the OTI-257. These
system solutions will be shown at the company's booth 3619 at the Las
Vegas Convention Center, January 8-11.

New Reference Designs Powered by Oak's DVD Navigation Technology

"DVD is a complicated system task. Piecing together multi-vendor
solutions can be daunting. Oak has stripped away a layer of complexity
by providing customers complete DVD reference designs for both the
player and PC," stated Vince Guaglianone, senior marketing manager of
Oak's DVD Imaging Business Unit. "Oak provides its customers a wide
range of technical support, software and silicon that other vendors find
difficult to match." Oak's Toccata DVD standalone player board reference
design utilizes the TroikaCSS(TM) DVD presentation engine and the
Toccata DVD Navigation Module (TDNM). The system is based on an
inexpensive microcontroller running Oak's embedded Real Time Operating
System (RTOS) specifically designed for DVD applications. The RTOS
module design allows customers the ability to easily add or change
peripheral devices to meet product differentiation requirements of a
fast-paced market. The Tableau reference design is Oak's 3D/DVD PC
solution which integrates Oak's Interactive DVD Browser (IDB)(TM)
navigation software for Windows DirectShow; the TroikaCSS(TM) DVD
engine; and the WARP(TM) 5, Oak's 3D graphics accelerator, in a single,
cost-effective VMI-based reference design. A cost-cutting solution for
OEMs who are also interested in the highest quality 3D and video
playback, the Tableau offers a complete DVD decoder, with a high-quality
3D graphics engine as well as DirectShow navigation.

Next Generation of Video Cd Technology Shown by Oak

Also being demonstrated at the CES show this week is Oak's OTI-257, a
single-chip VideoCD player system. It integrates MPEG audio and video
with a CD-ROM decoder, a PAL/NTSC video encoder and a karaoke DSP all in
a single 100-pin PQFP operating at 3.3V. This single-chip device is
ideal for cost-reduced, full-featured VideoCD 2.0 players. "The VideoCD
market has experienced explosive growth in the far east and future
market expansion will depend on solutions that can deliver the most
features at the lowest cost," stated Gordon Ng, marketing manager of
Oak's VideoCD Imaging Business Unit. "The OTI-257 will allow a system
OEM to build a complete VideoCD karaoke player at the lowest price
point."

Seattle, WA, January 7, 1998 / eWIRE /--Microvision (MVIS), 15-1/8, was
awarded a $1M million U.S. Defense Department contract to build an
advanced, helmet-mounted display system for an operations center. This
is the second contract this week. With today's contract, Microvision
will provide BCBL with a prototype head worn display system that
incorporates an alternative to high-resolution desktop monitor
displays. The Microvision display will be a lightweight, dual-eye
(binocular), head worn device featuring full color and high XGA
resolution (1280 x 1024 lines). Compared to a desktop monitor,
Microvision's display provides the user with the portability of a small
goggles-type package and offers the potential to create a very large
apparent field of view making the display more suitable for viewing
detailed and complex data sets. Microvision's display also promises to
deliver higher resolution, contrast and brightness of displayed images.
High performance electronic displays are critical to Battle Planners,
who rely on accurate visualization for battlefield mission-planning.
Applications include digital mapping and terrain viewing, the ability to
use full color images for distinguishing
friendly versus enemy forces, and high resolution capabilities imaging
for operational planning requiring contour mapping. The VRD technology
scans a visual image directly onto the viewer's retina using low power
eye-safe laser light sources, effectively eliminating any need for a
desktop monitor.

The basic platform for the head worn device designed for BCBL will
support products for numerous other market applications outside of
defense, including potential use as a tool for all types of simulation
and computer modeling. Examples include CAD, architectural design,
molecular modeling, vehicle and industrial maintenance, training,
medical procedures and even computer arcade games and other networked
visual communications.

Rick Rutkowski, President and CEO of Microvision said, "Visualization of
the battlefield requires the use of superior operational tools.
Microvision's display technology, coupled with the advanced sensor and
computing technology now available offers the potential to provide a
powerful improved enhancement to situational awareness and
visualization of the battlefield. The applications being pioneered by
BCBL are representative of an exciting future for all areas of computer
visualization. Microvision is pleased to have been selected by the
Department of Defense to demonstrate our technology in a rapidly
emerging head worn display marketplace."



To: Andrew Vance who wrote (10571)1/8/1998 12:02:00 PM
From: Andrew Vance  Respond to of 17305
 
*AV* Misc Info

LOSER OF THE DAY.... Rainforest Cafe took a major hit.
You know these guys. Touchy feely, groovy, hug a tree,
politically correct eateries. Hotter than a jaguar's
you-know-what for a while. Momentum guys loved it. Not
anymore. The Street was looking for 25 cents for the
quarter. RAIN said, how about 23 or 24 cents? Street
said, how about we run your stock down $12 and three
tinies (sixteenths), to $18.50?!?! Morgan Stanley
downgrades. Company still looking for a full-time CEO
(interested Steve Jobs? just kidding!). And worse,
same store sales are looking weak. Moral? Never touch
a freakin' Toucan stock!!!

The FCC letter circulating that mentioned
phone company charges for internet was ANCIENT..

There is an automated response to the message you sent to isp@fcc.gov.
We established this mailbox for informal comments about usage of the
public switched telephone network by Internet access and information
service providers for a proceeding on this matter in 1997.

If you are responding to a message stating that local phone companies
have asked the FCC for permission to impose per-minute charges for
Internet access, please be aware that this information is out of date.
The FCC decided in May 1997 NOT to allow imposition of interstate
access charges on Internet service providers. There is no comment
period currently open in this proceeding.

More information on Access Charges and the ISP proceeding is available
at

Look for more features and announcements on our Web site,
, in the future!

I have identified a few stocks that are making the SPAM rounds. SPAM is neither good or bad, just that a great deal of newsletter attention has been given to them. This creates opportunities both good and bad. Timing is everything or lack thereof. I will not post anything other than the symbols and will privately send any info I have to any interested parties.

For now, BIPN, AXGI, CYGS, SPDV, DPAC are the ones I remember off hand. Be careful and look at the price movement relative to the verbage cycling on the internet.

Why pay attention to this??? The following was is titled DEATH OF A SPAM. This was a hot little item circulating lst year. I will provide the story and you REALLY need to look at the historical and hysterical chart of this company. It even did a monumental reverse split.

DEATH OF A SPAM

VideoLan Technologies Announces It Will Cease Operations

Business Wire - January 05, 1998 17:35

LOUISVILLE, Ky.--(BUSINESS WIRE)--Jan. 5, 1998--VideoLan Technologies
Inc. (NASDAQ:VLNT) announced today that it will cease operations effective
immediately. The company was informed today that the source that had been
providing ongoing interim financing for the company would not provide any
further funding in the near future. As such, the company does not have
sufficient cash available to continue its operations and therefore must lay
off all but a few of its employees today. The lack of funding will also
prevent the company from fulfilling the purchase orders that have been
previously announced. Management of the company will seek to locate buyers
for the company's assets. However, the company anticipates that the amount
that will be realized from any such sale would be insufficient to allow any
distributions to the company's shareholders upon the company's liquidation.

-
CONTACT: VideoLan Technologies, Louisville
Steven B. Rothenberg, 502/266-0099