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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Edward F. Horst Jr. who wrote (10182)	4/27/1998 2:55:00 PM
From: Dennis Nicks	Respond to of 10836

Report on H&Q Tech conf. With quotes like this from analysts, I'm certainly glad I'm well weighted in small-mid caps.. But I have to admit, my large cap techs have done better, but for how much longer?! From Briefing.com H&Q CONFERENCE: The focus of today's Hambrecht and Quist Technical Conference in San Francisco is clearly on the large market capitalization stocks. One money manager told our man at the conference "All we care about is the top ten market caps in technology. They make up 90% of the technology world and we've focused on them exclusively. You can get great gains in the mid and small caps, but the losers there are big. Sticking with the top ten has outperformed the overall tech market." We haven't had a chance to verify this statement, but judging from the initial attendance in each conference room, the interest in large-caps appears to be true. Sun Microsystems outdraws Borland's presentation by about 50-to-1, for example. However, in the back of everyone's mind is the market today, as money managers continually are flocking to their cell phones or numerous computer terminals to check in with the home office and the market. An old adage in the money management business is "Buy at the AEA conference, sell at the H&Q conference," roughly translating to buy tech stocks in the fall, and sell them in the spring. Whether this turns out to be the theme of the conference remains to be seen, but the frequent ducking out of managers to check on the market underscores the uneasiness hanging over the market. We'll post more from the H&Q conference later today.