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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Underwood who wrote (9848)	3/4/1998 6:57:00 PM
From: Risky Business	Read Replies (2) \| Respond to of 13949

Could get hairy tommorrow gang: AFTER THE BELL - Intel drops bombshell on tech cos NEW YORK, March 4 (Reuters) - Technology stocks fell ''drastically'' in after-hours trading Wednesday after Intel said it sees first quarter earnings falling below expectations. ''Everything's trading drastically lower,'' one trader said, listing off a who's-who of technology stocks trading lower after the Intel bombshell. Shares of Microsoft (MSFT - news) were trading at 80 after the bell, down over two points from their unofficial close of 82-5/16, one trader said. IBM Corp (IBM - news) traded at 99 after the regular session, down over two points from a close of 102-1/16. Dell Computer Corp's (DELL - news) stock saw a big sell-off after the Intel forecast, trading at 133, down over five points from an unofficial close of 138-7/8, one trader said. Intel said it expects first quarter revenues to be down 10 percent from the $6.5 billion in revenues the company reported for its fourth quarter. The world's largest semiconductor maker cited lower than anticipated demand for the expected fall in sales and earnings. The First Call consensus earnings estimate for Intel's first quarter, based on 31 analysts' estimates, is $0.93 per share. Over an hour after the close, Intel's stock resumed trading at 76-7/8 down over 10 points from its unofficial close of 86-7/16. Microsoft traded at 78 an hour after the close while Dell fell further to 130-1/8. The New York Stock Exchange reported session one trading volume of 862,200 shares, compared with 944,600 the prior session. Session two volume was 950,919 compared with 2.27 million shares the previous session.

To: Gerald Underwood who wrote (9848)	3/4/1998 8:25:00 PM
From: ayahuasca	Read Replies (1) \| Respond to of 13949

IMO, the public is already aware of the problem. Over the last fw weeks I have asked various people if they were familiar with the problem. Every single one had heard of it. Bear in mind these are people, in some cases, that wouldnt be able to turn on a computer. So I think the idea of the Y2K problem is out there. Perhaps the severity needs to be harped on more. But, what I really think is lacking, is a knowledge of the investing opportunities this problem presents. It is one thing to know about it and another entirely to make those such connections. I am perplexed by the relatively negative outlook on this sector by the financial people. Certainly, some companies, perhaps most companies, that are engaged in Y2K will not be very viable after the Y2K debacle has subsided. But a precious few, who have used this as an opportunity and a means rather than an end, should profit handsomely (ex. TAVA!!!).