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Technology Stocks : ZORAN jpeg/dvd moguls -- Ignore unavailable to you. Want to Upgrade?

To: Pullin-GS who wrote (1287)	7/6/1998 4:28:00 PM
From: B.K. Ohneis	Read Replies (1) \| Respond to of 1486

DVD Leads Race for Movie Discs, for Now, NY Times reports July 6, 1998 DVD Leads Race for Movie Discs, for Now By JOEL BRINKLEY [for full story, seen nytimes.com] ASHINGTON -- The companies backing DVD, the CD-size digital disc that contains a feature-length movie, are boasting a lot these days, telling anyone who will listen that their product is selling faster than either compact-disc players or VCRs did at the corresponding points after they were introduced. Credit: Dan Krauss for The New York Times Carlos Montecino, left, shows Divx to a Circuit City customer in California. -------------------------------------------------------------------------------- By late June, a little more than a year after the introduction of DVDs, manufacturers had sold nearly 600,000 DVD players. By comparison, in March 1985, 16 months after the compact disc was introduced, only 320,000 players had been sold. For VCRs in September 1979, the number was 515,000.

To: Pullin-GS who wrote (1287)	7/6/1998 11:29:00 PM
From: Pullin-GS	Read Replies (1) \| Respond to of 1486

A warning is a real killer for ZRAN durring this critical time. Earnings (and other fundamentals) were the only thing holding ZRAN up at the moment. Technicals broke down some time ago. Previously posted TA still stands for the most part. I expect resistance @11 1/8 to hold for a brief period, then ZRAN should fall into a downtrend to 10 or so where it could churn for some time. Barring any unforeseen future bullish developments, new lows could come shortly.