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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (89394)	1/15/1999 10:12:00 AM
From: OLDTRADER	Respond to of 176387

Yeah,but I try-Goldman Sachs conference with high net-worh people starts in an hour and -half.Might give us a lift.

To: Dalin who wrote (89394)	1/15/1999 10:15:00 AM
From: Uncle Frank	Respond to of 176387

"Bubble is in the eye of the beholder", cbs.marketwatch.com. By Thom Calandra, CBS MarketWatch Last Update: 9:21 AM ET Jan 15, 1999 Calandra on Evening News Saying of the day Today is the second day of the rest of your life. SAN FRANCISCO (CBS.MW) -- It's the second day of the people's case against Bill Clinton, third day of the case against Brazil and third year of the case against the International Monetary Fund. All three stand accused of bumbling. Bungling. Botching. Bumbling their personal lives. Bungling their accounts. Botching their bailouts. "That's about right," says Chris Bunker, who manages about $450 million of fixed-income investments for Nevada Institutional Investors. "We're in for big swings. I don't think we are going to be pushing 10,000 on the Dow until we all figure out Latin America," Bunker says. "Brazil is one thing. What happens when Argentina and Ecuador and others threaten to delay or default on debt?" he wonders. Bunker says all of the bungling will work against U.S. stocks. Some economists even say the case is building for lower interest rates, come the Federal Reserve's next get-together in early February. Don't believe a word of that. The smart money says the so-called stock market bubble is in the eye of the beholder. Main Street for the past eight years has been telling us it believes in U.S. companies. Ordinary folks are willing to devote the greater part of their retirement accounts to corporate America. Main Street investors -- thanks to rapid-fire computer desktops and laptops -- are close to accounting for a third of all U.S. stock trades via the World Wide Web. Their vote on stock valuations counts more these days than the votes of professional money managers and sell-side analysts, many of whom are afraid to issue "buys" on their perennial favorites for fear of a tumble. To be sure, America's largest companies as a group are selling for about 25 times one year's earnings. That's close to an all-time expensive high. Yet the pickings are thick. We have all, after all, seen how a handful of successful companies, namely Cisco Systems, Dell Computer, Microsoft and WorldCom, are pumping up average price-earnings ratios with their pricey shares. That leaves many large and small U.S. companies worthy of investors' money, even if the companies' stocks have doubled and tripled in short spans of time. Nowhere is the potential greater than among World Wide Web companies. Bubbles are for blowing The so-called bubble, the smart money says, is in the eye of the beholder. Best example today? No, not Sunglass Hut (RAYS), whose stock is shining these days after the company said it would acquire two Internet sites. Instead, several investment professionals on Wall Street were marveling the other day at the rapid increase in shares of Telescan (TSCN), a Texas company that develops Web sites. The stock -- before trading began Friday -- had doubled since Jan. 16. Now, we learn that General Electric's (GE) NBC unit has purchased about 9.9 percent of Telescan's stock via a private placement. NBC and GE Capital on Friday said they purchased the stock at $7.70 a share. The stock, after more than 1 million shares changed hands the other day, sells for north of 16. NBC operates the CNBC financial television channel. Telescan runs www.wallstreetcity.com, whose Web page impressions increased in the last month by 25 percent to more than 15 million per month. Telescan in its most recent quarter said revenue from Internet-based services rose 71 percent from a year ago to about half of total revenue. The lesson here? The traditional media world's search for Web sites -- as evidenced in 1998 by NBC's investment in CNET's (CNET) Internet portal Snap and Walt Disney Co.'s partnership with Web gateway Infoseek (SEEK) -- shows no sign of slowing. ztect told y'all this nearly two month's ago. Someone like Nevada's Bunker, whose life is government and agency bonds, doesn't buy into all this Web business. Well, maybe a little. "If you have a mutual fund that spreads its Internet bets, that's the best way to go," Bunker says. "Look, I think the best thing anyone can do here is go long Treasury bonds," he says. The yield on the 30-year U.S. Treasury bond ($TYX) is hovering just above 5 percent as the world's investors seek a hedge against currency turmoil in South America. (Yields on bonds decrease as their prices rise.) "Would I love to own Broadcast.com (BCST) now that it's broadcasting the Super Bowl? Well, maybe, but I wouldn't be buying at these prices." Once a bond guy, well, always a bond guy. Thom Calandra is CBS MarketWatch's editor-in-chief.