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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (42622)	1/31/1999 9:56:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

NationsBanc Conference Puts Technology High-Flyers in Spotlight Bloomberg News January 29, 1999, 4:20 p.m. PT San Francisco, Jan. 29 (Bloomberg) -- Investors at next week's NationsBanc Montgomery Securities Technology conference will be listening for evidence that the recent boom in computers, semiconductors and Internet software will continue. Intel Corp., Microsoft Corp. and Yahoo! Inc. are among the top technology companies presenting at the meeting in San Francisco. All have reported better-than-expected earnings in recent weeks as demand for Internet-related products and services has soared. All three companies also have declared stock splits as their shares reached records. Given the huge gains in some technology stocks -- the technology-laden Nasdaq Composite Index is up more than 40 percent in three months -- some investors say they'll spend some time seeking bargains that may be overlooked. ''I use the conference to bone up on areas I don't know,'' said Randy Yuen, an analyst at Salomon Brothers Asset Management. Yuen said he will attend sessions with executives from software companies such as Germany's SAP AG, the largest maker of business-management software. The company's shares have fallen 24 percent since Oct. 29 as slow sales in Japan hurt profits. He also plans to explore computer-services companies such as Keane Inc., whose shares have fallen about 50 percent since July. Other investors say they're optimistic that the rally in other technology shares will continue as the growth of the Internet spurs demand for PCs, servers and networking equipment. Semiconductors Semiconductors have been particularly hot. The shares of Intel, the world's largest chipmaker, have risen 57 percent in three months as sales of its microprocessors boomed. Shares of Micron Technology Inc., the No. 2 maker of memory chips for PCs, have risen 95 percent in three months as prices for dynamic random-access memory chips have strengthened after plunging for many months. ''Pricing is stabilizing'' in the semiconductor business, said Duane Eatherly, portfolio manager at Banc One Investment Advisors Corp. in Columbus, Ohio. Keynote speakers at the conference include Oracle Corp. Chairman Larry Ellison and Terrence Conn, chief executive of Ticketmaster Online-CitySearch Inc. On Wednesday, there will be a panel of venture capitalists. About 1,600 analysts and investors will attend company presentations, including those from technology bellwethers such as Micron, Texas Instruments Inc., Cisco Systems Inc. and Hewlett- Packard Co. There are 152 public companies and 60 private firms attending.