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


To: jelrod3 who wrote (712)9/18/1998 4:40:00 PM
From: Brendan W  Read Replies (1) | Respond to of 857
 
Jelrod3, I added to my position today at 12 9/16 with some Adaptec proceeds. This is my only communications holding now. You holding/buying any others? I'm going to look at Nortel shortly. What about technology? (I'm completely tech-free.)



To: jelrod3 who wrote (712)9/19/1998 7:19:00 AM
From: PaperChase  Read Replies (1) | Respond to of 857
 
Put away your fundamental analysis measures of the stock price based on projected earnings, sales and book value. The stock is trading down because nobody believes the estimates and expects earnings of around 10 cents or less for the quarter. (ANDW has exposure to Southeast Asia but not a lot.) Sometimes a technical stock trend can tell you what is fundamentally in the works but not yet announced.

Sorry to deliver the bad news. A lot of money has been lost on wireless companies and so companies like ANDW are guilty until proven innocent in this current market environment.