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

To: John Koligman who wrote (35196)	10/21/1998 10:00:00 PM
From: dav	Respond to of 97611

All, I think CPQ's move to enterprise computing is a wise move, it is said that sub-200 PC is coming up next year. Just how much money a box vendor can make out of this ? I know some of the Japanese MNCs are planning to get out of PC business again.. maybe EP has seen this already and I think it is a wise move now before it is getting too late.

To: John Koligman who wrote (35196)	10/21/1998 11:36:00 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

Cohen: No recession here Wall Street's famed bull remains upbeat; sees S&P 500 at 1200-1250 in a year October 21, 1998: 9:22 p.m. ET Cohen invited to join GS elite - Oct. 20, 1998 Cohen raises Dow forecast - March 17, 1998 CNNfn Markets Goldman Sachs NEW YORK (CNNfn) - Unabashed and unbent in the face of dire market talk, famed Wall Street stock bull Abby Joseph Cohen said Wednesday she remained confident investors could expect "fairly notable gains" in the Dow Jones over the next 12 months as undervalued equities claw their way back to respectable levels. "I would still buy at this point because I am making one principal assumption: There is no recession on the horizon for the United States," Cohen told CNN's "Moneyline News Hour with Lou Dobbs." "The economy will be growing more slowly, but it will be growing, new jobs will be created and we think profits will increase as well," she said. Though already lionized by a major national magazine as the "prophet of Wall Street," Cohen's remarks Wednesday carried an added whiff of authority following her elevation a day earlier by Goldman Sachs to full partner. Her ascension came as 56 other managing directors also were promoted to full partnerships. Cohen has attracted kudos and critics on Wall Street for sticking with her bullish forecasts even as markets buckled across the globe. Before Wednesday she had set year-end targets of 9300 for the Dow Jones industrial average, 1850 for the tech-heavy Nasdaq, and 1150 for the Standard & Poor's listing of 500 widely traded stocks. On Moneyline, Cohen asserted that due to "something of a rally over the past month," the stock market may not be as undervalued now as it was at the end of September, when Goldman Sachs suggested equities were as much as 15 percent below their fair value. She predicted the Dow would be notably "higher" a year from now, without venturing any numbers, and that the S&P 500 would hover in the 1200 to 1250 range within the next 12 months. Cohen said especially good bargains could be found in technology and financial service stocks, many of which were pummeled in the recent downturn. "Over the past several months," she said, "earnings of technology companies have already been very hard hit and, if anything, we think some of these companies are now likely to see a reacceleration in the coming months. We see that in semiconductors, we also see that in some of the larger companies in the PC and computer area." Regional banks, whose exposure to battered international markets is minimal to nil, also are attractive, Cohen said. She warned, however, that sectors that rely on the global economy, such as commodities, may have a more difficult time weathering the current doldrums. Energy stocks, she noted, may be a possible exception. "If crude prices are near their trough, earnings should start to flatten out and move up," Cohen said. Cohen also voiced confidence in the ability of the Federal Reserve to provide any extra fillip the economy may need to ride out the present volatility. "I think the Federal Reserve will do what it feels it needs to do," she said. "The interest rate cuts so far have been an important signal to the financial markets letting us know that the Fed is being very watchful. And if there are signs that the economy perhaps is weaker than we are expecting, we do think the Fed has plenty of flexibility to step in again."

To: John Koligman who wrote (35196)	10/22/1998 7:02:00 AM
From: rupert1	Read Replies (3) \| Respond to of 97611

John Koligman: -OT- John I know you like to trade in crashed out stocks. Have you looked at Cirruss Logic (CRUS). Just been down to 5 3/4 from a high of 60. Now at 7 1/2. Big story is a radical restructuring under a guy called French, who has backing of relatively new major shareholder Teo. The retained core of the restructred company would have made about 24 cents yesterday as opposed to a loss of 3 cents anticipated. Actual results were 2 cent profit after massive charge for the restructuring. Its in semiconductors. Teo bought his huge portion of the company at an average price of 10.5 earlier this year (actually paid much more for the first tranche). There is a poison pill protecting shareholders from a cheap sale. I have a moderate trading position. Victor