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

To: John Koligman who wrote (33857)	10/5/1998 10:58:00 PM
From: Night Writer	Read Replies (2) \| Respond to of 97611

John, My two cents worth. NW * U.S. semiconductor companies are expected to report a lackluster 3Q but analysts said that the worst may be over. While analysts still forecast a sharp decline in worldwide chip sales this year, Wall Street has been heartended this quarter by the fewer number of negative earnings warnings. Indeed, last month INTEL CORP said that it sees a better-than-expected 3Q. ADVANCED MICRO DEVICES INC is still expected to report a loss, it may be narrower than the biggest bears on Wall Street are expecting. TEXAS INSTRUMENTS INC is also expected to see a sequential boost in profits. Other chip makers are still under pressure. ANALOG DEVICES INC, LSI LOGIC CORP and VLSI TECHNOLOGY INC have all pre-announced earnings disappointments. (Reuters 11:40 AM ET 10/04/98) For the full text story, see infobeat.com * IBM said it will unveil today a family of computer workstations with the fastest graphics-processing in the industry on models running either its quickest PowerPC microprocessor or INTEL CORP's latest chip. The one model, the 260, features IBM's most powerful computer chip, the Power3, which provides more raw computing power than those from arch-rival workstation makers HEWLETT-PACKARD CO, SILICON GRAPHICS INC or SUN MICROSYSTEMS INC, the company said. (Reuters 04:00 PM ET 10/04/98) For the full text story, see infobeat.com * The mighty are falling. The broad decline in U.S. stocks appeared to enter a new phase on Monday when the bears breached Wall Street's inner sanctum, the select group of top-tier technology names that had previously shown themselves immune to the downturn. The list of falling stocks represented something of an all-star team: MICROSOFT CORP, CISCO SYSTEMS INC, AMERICA ONLINE INC, DELL COMPUTER CORP and INTEL CORP were all sharply lower in early activity. (Reuters 11:58 AM ET 10/05/98) For the full text story, see infobeat.com For more analysis, see infobeat.com * A key banking group has asked the Federal Reserve to reconsider its approval of the historic merger between CITICORP and insurance and brokerage powerhouse TRAVELERS GROUP INC, raising concerns about the near collapse of hedge fund Long-Term Capital Management. The Independent Bankers Association of America, in an Oct. 2 letter, questioned the central bank's ability to "effectively supervise" and regulate the firms that had made loans and investments to the private investment fund. (Reuters 05:30 PM ET 10/05/98) For the full text story, see infobeat.com