Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steven Messina,L.M.T. who wrote (13214)	4/7/1998 7:23:00 PM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV--Norwest Bank just announced they expect to spend $100 million to fix the yr2000 problems. DDIM and VIAS were named as two of the top companies but KEA and CHRZ as two companies that can supply you solutions AND people to remediate the problem. This was on CNBC "the Edge" this afternoon. Now what I find interesting is that CHRZ is down 7% today alone and on good news. Even the previous news releases were quite promising. I guess I should be grateful that ALYD hasn't done a freefall like VIAS, PTUS, DDIM, CHRZ, etal. Talk about confusion at the highest levels. Again, NORWEST Banks beleives they will have to spend $100 million to solve just their own problem. Monday April 6, 12:18 pm Eastern Time Company Press Release Computer Horizons Expects Record Revenues and Earnings for First Quarter MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--April 6, 1998--In response to recent inquiries, Computer Horizons Corp. (NASDAQ: CHRZ - news) Chairman John Cassese stated that the company expects that its earnings report, due on April 21, should meet or exceed analyst expectations and that he is unaware of any reason involving the company that would cause the recent drop in the company's stock price. Cassese further stated that he expects Computer Horizons' business to remain strong for the remainder of 1998. As far as MTZ is concerned, my source of information is one of the financial institutions that covers, follows, researches, and makes a market in the stock. Verbal and non verbal indicators seem to have been given that points very strongly to an earnings disappointment. Therefore, I think this coupled with a recent NBMontgomery downgrade is causing some of this negativity. IF MTZ comes in on estimates, we should see a good pop up. The big problem is that this will be the third quarter in a row where they have disappointed. This is findamentally not viewed well by the institutional investors. Interestingly enough, BOI, I have a contact at NBMontgomery who thinks their research department is drooling over DY these days. He and his cohorts just love DY and are trying to get their clients interested. MOT is being given tomorrow to determine which direction it feels like going. I think we have reached a bottom but I am trying to improve on my timing. Therefore, I wanted to buy in today but decided to count to 100 before doing it. Lucky for me it was 3:59pm when I started counting.<GGG> For tomorrow I have a small order in at 52 and a small order in at 51 and a medium size order in at 50. I will be watching this baby like a hawk and make sure I am in prior to it seeing 54-55. AMD lost $0.39/sh vs $0.29/sh expectations. Boy am I glad I got in an out when I did. I think we might see a nice retreat tomorrow. Bad day for the techs and some are coming into a buy zone but I continue to wait. I would like to see more downward movement in VECO before testing the waters. But you know me and VECO. I miss that train more often than I get on the train. Andrew BTW-as much as I would hope to hold the CFMT shares bought today for the long term, a compelling argument may develop to trade out of this stock in the short term. If CFMT makes it back to $15 within the next 2 weeks amid the tech semi-meltdown<GGG>, I might not be able to resist.<GGG>