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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (16932)	7/6/1998 6:07:00 AM
From: Johnny Canuck	Read Replies (6) \| Respond to of 69811

Jim, Belated Happy Birthday to you !!! Here I throw a big party for you in Ottawa, Canada's capital, with fireworks and 200,000 guest and you don't even show up. <g> I hope your significant other took you out and you indulged in your, my and Thomas's fatal passion. >>if the programable chip area has been stronger than most >>then would the embedded software companies be worth a shot? The industry is pretty fragmented. Despite the interest in real time operating system a lot of the work is still done in plain old assembly language, especially for the segment that MCHP deals in. The basic software tools are usually given away at cost or below in order to get design wins. MCHP sells a basic assembler, simulator and programmer for their chips for $199 US if you go to one their seminars. You can buy after market stuff but you don't have too. I don't know of any software vendors in this market segment that would be worth looking at. Companies like INTS, RSYS and WIND are directed at a totally different market. >>COMS said good things in their meetings according to news flash. I am not so sure. briefing.com >>3Com relief rally (in response to an as expected earnings report) >>running out of gas, as stock fell back below 30... Stock's >>inability to follow through on gains is evidence that street >>remains concerned over prospects for sales and earnings >>growth in the increasingly competitive >> environment... Takeover talk has died down a lot, >>as a couple of weeks have passed without a >> deal... I am more incline to be cautious and give some weight to the analyst's theory that COMS was the telecommunications company that cancelled their order with JBL.. Interestingly, the McClellan Oscillator is at 109. It has not been this high since before we corrected earlier in the year. The EPC looks fine though. As Clint mentioned people are inclined to buy the high flyer with no earnings again so the market internals appear ok. New high on the SP is good. Overbought signal on the utilities is not. It is a pretty mixed bag. It should make for a volatile few weeks as earnings are released. Have a good week. Harry