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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (12624)	2/10/1998 8:00:00 AM
From: Moonray	Read Replies (1) \| Respond to of 22053

Net could revolutionize phone service New phone technology could be 'unstoppable' 02/10/98 - Updated 12:13 AM ET "Over the next few years, you will see very rapid growth in IP telephony," says Joe Nacchio, CEO of Qwest, which is constructing a 16,000-mile fiber network that uses both traditional phone switching technology and the Internet. "I think it will be unstoppable." He already offers consumers IP telephony in nine Western cities. A company can easily slash its phone budget 35% by moving its voice traffic to the same network that handles its data transmissions, says Eric Benhamou, CEO of Internet equipment maker 3Com. A Forrester survey of 52 Fortune 1000 companies finds that more than 40% of telecom managers plan to move some voice or fax traffic to the Internet by 1999. usatoday.com o~~~ O

To: jhild who wrote (12624)	2/10/1998 1:38:00 PM
From: Moonray	Respond to of 22053

Dow grabs record - Techs lead broad move By Kevin N. Marder, CBS MarketWatch Tue Feb 10 13:19:33 1998 NEW YORK (CBS.MW) -- U.S. stocks blew ahead Tuesday afternoon, as more and more investors jumped off the sidelines to participate in the market's roaring advance. The Dow Jones Industrial Average notched a new intraday record high of 8300.60, inching past the old high-water mark of 8299.49 set Aug. 7. At 1:10 p.m. ET, the Dow Industrials vaulted 108.85 points, or 1.3 percent, to 8289.63. The move was broad, and featured impressive leadership from the technology sector, a market leader for nearly two months. At the forefront of the advance in computer-related shares was the semiconductor group, higher ahead of chip bellwether Applied Materials' earnings report expected after the close of trading. Of bullish note was the small-capitalization sector, an outperformer for the fifth time in the last six sessions. As well, volume expanded from Monday's levels as prices rose, an important positive, and evidence of the strong conviction underpinning the current advance. The Standard & Poor's 500 Index rose 1.0 percent, the New York Stock Exchange Composite gained 0.9 percent, and the American Stock Exchange Composite added 0.8 percent. New York Stock Exchange winners bested losers by better than 2 to 1. On the Big Board floor, 390 million shares changed hands, 22 percent more than that of Monday at this time. The Nasdaq Composite advanced 1.1 percent. Advancing issues led decliners by 3 to 2 in the Nasdaq Stock Market. Volume totaled 387 million shares. o~~~ O