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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (5915)	2/9/1998 2:58:00 AM
From: Chris	Respond to of 42787

briefing.com: <Picture>Tech Stock Analysis <Picture> ------------------------------------------------------------------------ Updated for: February 09, 1998 Please note: Briefing.com is provided as an information service only. Charter Media, Inc. and Briefing.com do not make specific trading recommendations or provide individualized investment advice. Readers should make investment decisions based on thorough research and their own investment criteria. See Disclaimer. General Commentary The tech sector's ability to rally Friday in the face of Qualcomm's shockingly bad news underscores the how completely market psychology has changed... Especially as it relates to the Asian crisis... Can you imagine how bleak trading would have been had QCOM made a similar announcement three or four weeks ago?.. From a short-term perspective there is only one way to read such a message - the rally still has legs... Look for the "five horseman of the apocalypse" - Compaq, Dell, Cisco, Microsoft & Lucent - to lead the sector to additional gains over the next few weeks... However, the casual dismissal of QCOM's warning; the arrogant contention that Asia's problems are largely regional; and escalating valuations indicate that this is a trading rally... Yes it's powerful, but don't confuse the current advance with the beginning of the next sustained uptrend. Computer Systems & Peripherals Brief: A very quiet day in the disk-drive group as stocks ended narrowly mixed... More action among the box-builders, where Dell continued its assault on new high ground, IBM failed to hold above the 100 level yet again and Sun Microsystems slipped amid rumors company poised to buy Netscape... SUNW also came under pressure from news that Salomon Smith Barney cut the stock to outperform from buy citing price... Outsourcing firms such as Jabil Circuits and SCI Systems extended their recovery rallies in posting modest gains... JBIL's break above key resistance at 45 leaves stock positioned for near-term test of the 53-55 zone. Computer Networking Brief: Bay Networks advanced 1 1/16 on news that Adams Harkness upped its rating to attractive from market perform, noting that Bay's margins are likely to jump 2%-3% to 55% by mid-year... Cisco remained on a roll, adding another 1 9/16... Stock's impressive momentum points toward n/t test of low-70's... But valuations getting a little extreme... Shiva shed 3/4 amid some light profit-taking... Computer Software & Services Brief: Oracle soared another 3 1/8, or 13.1%, amid further positive comments made by management regarding revenue growth... Comments made to group of analyst... Recent rally has taken stock from undervalued to fairly valued in short order... Look for some profit-taking to trim gains... Other notable winners on Friday included Microsoft (+2 11/16) and BMC Software (+1 3/4).. Both ended at new all-time highs... Big week for earnings, as Informix (-$0.16), Keane ($0.18), Sterling ($0.41) and Platinum ($0.44) are due to report results... Semiconductor: Brief: Intel closing in on key resistance at 90... Break above this ceiling would target test of all-time high... Micron rebounded over one point, but Briefing sees additional room for declines over the near- to intermediate-term as stock ran well ahead of its fundamentals... Rambus surged nearly 4 points on more than twice its average volume... No news, but big move points to further near-term gains... Next stop mid-50s. Semiconductor Equipment Brief: After a brief bout of profit-taking on Thursday, group returned to its winning ways... Advance was led by Novellus (+2), Kulicke & Soffa (+7/8) and KLA-Tencor (+15/16)... Latter stock poised for upside breakout... Break above 42 on closing basis will position stock for test of the 50 area... Applied Materials due to report earnings on Tuesday... Street looking for a gain of $0.50. Telecommunications Equipment Brief: A mixed bag, with Qualcomm and Sawtek getting crushed after warning that Asian crisis would seriously impact future earnings... Both stocks received a number of ratings downgrades... See Upgrades/Downgrades for details... ABN/Amro also cut QCOM's FY98 and FY99 earnings estimates to $1.50 and $2.30 from $2.40 and $2.40... It gets worse... Hambrecht & Quist noted that QCOM has yet to receive royalty reports for Dec quarter from Korea and for accounts one quarter in arrears... Consequently, H&Q fears earnings number could be worse than market expects - after the company's warning... Next stop for QCOM should be the 43-41 range... But in a show of strength, Lucent and Tellabs posted strong gains and the rest of the sector was little changed... One sign of a bullish tone - bad news is stock specific and not industry/market-wide. [ Index ] ------------------------------------------------------------------------ This page was downloaded by your browser Monday, February 09, 1998 02:48:57 ET and is the latest version available as of that time. ------------------------------------------------------------------------ Copyright c 1998 Charter Media, Inc. All rights reserved.

To: ViperChick Secret Agent 006.9 who wrote (5915)	2/9/1998 9:46:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 42787

Be sure to check out my website for the Princess Di challenge....(link on my profile) I dont want any #(%&Y#((#$)(? flames about it though... this is a challenge that addresses your own thoughts, mores (no that is not "more" like I want more profit) and principles and you are the only one that knows what you have espoused..... those of you that know me , know I have this "thing" about people who say one thing and do another....or say one thing and then turn around and try to shade it .....it is my "bull's red flag" so go take my challenge and see where you really stand