To: Darren who wrote (11603 ) 7/17/1998 11:42:00 AM From: Jenna Respond to of 120523
On our watch lists:QLGC,AGN,MSPG,SUNW,WAVO,FDX,AFCI,MHK SCREAMER: QLogic (QLGC) soared 12 3/4 to 50 1/4 after the manufacturer of integrated circuits and adapter cards said it earned 52cents a share in its first quarter, handily surpassing the 43 cents a share that analysts expected. July 8th watch lists: 12 AGN - ALLERGAN INC COM .MED 1-Dy = 99.0 ( 31) VL/30= 101.0 ( 81) 10MA = 101.7 ( 84)Price= 47.4 ( 93)Allergan <AGN.N>sees stronger Q2 revenuesIRVINE, Calif., July 7 (Reuters) - Allergan Inc on Tuesday it expected to report second quarter earnings that exceed analysts expectations mainly due to strong sales of the eye disorder drugs Botox and Alphagan.July 9, 1998 watch lists: 1> MSPG - MINDSPRING ENTRPRS INC COM .INT 1-Dy = 102.1 ( 83) VL/30= 175.5 ( 92) 10MA = 95.6 ( 53) Price= 95.3 ( 97) Great news for the YHOO sure to rebound the internet sector.MSPG is a good one andso is CMGI. CMG Information Services, which has become asort of venture-capital company for Internet firms, including Lycos; MindSpring Enterprises, a developer of business-to-business Internet linkages; and OzEmail, an Australian Internet servicesproducer. On watch list for July 10, 1998 13> QLGC - QLOGIC CORP COM .ESE 1-Dy = 106.6 ( 97) VL/30= 650.9 ( 99) 10MA = 90.6 ( 2) Price= 30.0 ( 85) Stochastics indicate stock is OVERSOLD.. looks like it might be a turnaround play 4> SUNW - SUN MICROSYSTEMS INC COM .DCS 1-Dy = 105.9 ( 94) VL/30= 158.7 ( 91) 10MA = 104.0 ( 91) Price= 45.5 ( 92) Double top Point & figure breakout at 46 11> WAVO - WAVEPHORE INC COM .INT 1-Dy = 99.4 ( 32) VL/30= 114.8 ( 85) 10MA = 96.5 ( 9) Price= 10.9 ( 38) NEWS: WavePhore<WAVO.O> may be bargain - BusinessWeek NEW YORK, July 9 (Reuters) - WavePhore Inc. may be one of the very few "underappreciated" Internet stocks in these crazy times for stock prices, the July 20 edition of BusinessWeek said in its closely watched "Inside Wall Street" section. The company develops low-cost high-speed data distribution methods. The article said Microsoft started buying shares of WavePhore in late 1997 and now owns a 3.5 percent stake, and Intel owns a 2.45 percent stake. Joel Krasner, an analyst at New York's First Albany, predicted Microsoft will increase its stake in WavePhore, according to the article. July 13, 1998 1> AFCI - ADVANCED FIBRE COMM COM .DCS 1-Dy = 107.7 ( 98) VL/30= 122.9 ( 88) 10MA = 87.5 ( 1) Price= 20.0 ( 71) STOCK broke DOUBLE TOP (Bullish) Point & Figure Chart Formation Yesterday One of the best candidates out there for an intermediate hold (up to 4 weeks) 11> MHK - MOHAWK INDS INC COM .HCF 1-Dy = 100.1 ( 72) VL/30= 89.5 ( 82) 10MA = 102.3 ( 87) Price= 33.0 ( 87) Relative Strength is BULLISH, volume indicators show MHK is under ACCUMULATION. Support at 32 1/2July 14, 1998 2> GCN - General Cable Corp COM .EEE 1-Dy = 99.3 ( 36) VL/30= 31.7 ( 60) 10MA = 97.7 ( 61) Price= 27.6 ( 82) = 0.0 ( 0) 7/13/98 - GENERAL CABLE REPORTS RECORD SECOND QUARTER AND FIRST-HALF RESULTS -- General Cable Corporation (NYSE: GCN) today announced record second quarter and first-half sales and earnings. Net income for the second quarter rose 51 percent on the strength of an 18 percent increase in sales on a comparative basis, and continuing productivity improvement. 3> AVID - AVID TECHNOLOGY INC COM .BPE 1-Dy = 104.8 ( 93) VL/30= 255.8 ( 96) 10MA = 94.0 ( 52) Price= 29.6 ( 84) = 0.0 ( 0) 7/13/98 - CNN Upgrades To AvidNews Newsroom Computer SystemJuly 14, 1998 2> LGTO - LEGATO SYSTEMS INC COM .DSO 1-Dy = 102.5 ( 93) VL/30= 106.8 ( 85) 10MA = 99.7 ( 35) Price= 37.4 ( 89) One of my favorite earning plays and trading stocks. 7/13/98 - Legato NetWorker for Windows NT Earns 'Designed for Microsoft BackOffice' Logo PALO ALTO, CALIF. (July 13) BUSINESS WIRE -July 13, 1998-- Logo Approval Confirms Legato NetWorker's Position as a Leading Enterprise Storage Management Solution for Enterprise Customers Legato Systems, Inc. (NASDAQ:LGTO ), a leader in the enterprise storage management software market, today announced that Legato NetWorker for Windows NT(R) version 5.1 has been authorized to use the 'Designed for Microsoft(R) BackOffice(R)' logo. Microsoft's 'Designed for Microsoft BackOffice' logo enables customers to quickly identify applications designed to work with the Microsoft BackOffice integrated family of server software. 3> HBOC - H B O & CO COM .DSE 1-Dy = 88.7 ( 0) VL/30= 288.5 ( 96) 10MA = 90.2 ( 2) Price= 32.1 ( 86) P/E = 0.0 ( 0)July 15, 1998 4> JBL - JABIL CIRCUIT INC COM .MIU 1-Dy = 104.7 ( 96) VL/30= 164.2 ( 90) 10MA = 101.9 ( 82) Price= 33.4 ( 87) P/E = 0.0 ( 0) 11> AMD - ADVANCED MICRO DVCS INC COM .ESE 1-Dy = 106.0 ( 97) VL/30= 132.3 ( 87) 10MA = 98.5 ( 18) Price= 16.4 ( 61) P/E = 0.0 ( 0) 1> IP - INTERNATIONAL PAPER CO COM .PAP 1-Dy = 101.6 ( 87) VL/30= 193.0 ( 93) 10MA = 100.3 ( 56) Price= 43.6 ( 92) P/E = 0.0 ( 0)