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

To: DJBEINO who wrote (4492)	1/12/1999 4:25:00 PM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 9582

Stocks crashed today. Nasdaq crashed 63 points (a healthy correction!). Internet stocks ran out of steam today!. But Yahoo reported 21c earnings for the quarter - better than market estimate of 16c, matching the 21c whisper numbers - just ten minutes ago (after market close!). Intel reported $1.19 (vs $ 0.98 for 1997) for the quarter, beating the street and whisper estimate. But Intel's market share has plunged from 80+ to 69 % in the low end PC Chip sales. Revenues increased 15 % for the quarter. They need to lower prices, which puts even more pressure on the smaller guys. Let us see how things shape up from tomorrow on! Since Yahoo and Intel did so well, I think both the sectors - Internet and Semi/Chips will do well for 1999.