Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: OtherChap who wrote (23083)	10/26/1998 4:33:00 PM
From: Bill Harmond	Respond to of 164684

>>Has mary ever issued a negative report on any stock? Probably not. No. Never. Goddess Infoelectra doesn't deal in negatives...though she tried to save Icarus from flying too close to the sun when he got overly exhuberant...by warning him with "near-term valuation concerns".

To: OtherChap who wrote (23083)	10/26/1998 10:18:00 PM
From: Glenn D. Rudolph	Respond to of 164684

nternet stocks lead broad tech rally By Tom Murphy, CBS MarketWatch Last Update: 6:35 PM ET Oct 26, 1998 Also: Tech Report NEW YORK (CBS.MW) -- Technology stocks jumped Monday as news of strong personal computer sales sparked gains among Internet, network and software stocks. The Amex Internet Index added 4 percent; the Amex Networking Index rose 1.8 percent; and the CBOE Software Index added 1.9 percent percent. The Goldman Sachs Hardware Index gained 2.9 percent. The Philadelphia Semiconductor Index rose 1 percent. The broader Pacific Stock Exchange Technology Index rose 1.7 percent, while the Morgan Stanley Technology Index added 2.4 percent. The Nasdaq Composite index, which contains many technology issues, rose 31 to 1725. The Dow Jones Industrial Average slid 20 to 8432, its second consecutive declining session after seven straight gains. Computer makers got a boost as Dataquest and International Data Corp. reported 22.6 million personal computers were shipped worldwide in the third quarter of 1998. That's a 13.7 percent increase over the same period last year despite economic woes in places like Asia and Russia. (See full story.) Bear Stearns technology analyst Andrew Neff said he thinks unit growth really rose by about 20 percent in the third quarter when you look at consumption. Growth fell as low as 10 percent in the first quarter, he said. "What we're actually seeing is fairly good strong demand," he said in an interview on CNBC. PC makers Among the hardware companies: Iomega Corp. (IOM) shares rose 3/8 to 5 1/2; Dell (DELL) gained 4 1/4 to 62 1/2; and Gateway (GTW) rose 4 1/8 to 55 3/4. IBM (IBM) climbed 1 1/2 to 143 1/16. On the downside, Hewlett-Packard (HWP) was off 1/4 to 57 11/16. Among semiconductor stocks, Intel (INTC) rose 1 11/16 to 88 15/16 but Advanced Micro Devices (AMD) was flat. The two companies are expected to lower microprocessors prices for the last time this year. Donaldson, Lufkin & Jenrette analyst Charles Boucher said Intel's price cuts will range from 7 to 30 percent. (See Tech Report) Chip manufacturing equipment makers were mostly lower, with Applied Materials (AMAT) falling 5/8 to 33 5/16 and LAM Research (LRCX) off 1/8 to 14 1/2. Internet connection America Online (AOL) added 2 5/16 to 117 1/4 after upbeat reports from SG Cowen and CIBC Oppenheimer. Other Internet stocks on the rise included: Yahoo! (YHOO), up 5 13/16 to 127 15/16, Excite (XCIT) up 3 7/8 to 37, Amazon.com (AMZN) up 5 5/16 to 121 7/16, Lycos (LCOS) 1 13/16 to 36 15/16, Infoseek (SEEK) up 2 13/16 to 28 1/2. CNET (CNWK) shares rose 5 1/4 to 44 1/4 prior to the company's quarterly-earnings report. CNET reported operating income of $1.1 million compared with an operating loss of $6.3 million a year ago. Among networking companies: 3Com (COMS) rose 1 13/16 to 34 5/8; Ascend (ASND) climbed rose 1 1/4 to 44 7/8; and Cisco (CSCO) added 2 11/16 to 61 3/8. Software gainers Microsoft (MSFT) shares rose 11/16 to 107 1/16 as its antitrust trial entered its second week. The software giant is now claiming it was set up by rival Netscape (NSCP). Netscape shares rose 13/16 to 23 1/2. Other software stocks on the move included Parametric Technology (PMTC), jumping 1 3/4 to 14 3/16; Oracle (ORCL), up 17/32 to 27 5/8; and Symantec (SYMC), up 7/16 to 14 3/16.