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To: Fred-beaches who wrote (16822)	2/2/1999 6:16:00 PM
From: patrick tang	Respond to of 25814

Citing surprisingly strong global chip sales in the fourth quarter of 1998, a leading industry economist says semiconductor demand could come in line, and possibly outstrip supply, sooner than expected. "It was the strongest quarter in the history of semiconductors," said Jean Philippe Dauvin, corporate economist for STMicroelectronics. During an interview at the NationsBanc Montgomery Securities financial conference in San Francisco Tuesday, Dauvin said he may soon revise his previous forecast for global chip sales in 1999, which currently is at 7 percent. "If I do revise it, it won't be to 7.5 [percent], but probably much higher." techweb.com

To: Fred-beaches who wrote (16822)	2/2/1999 6:39:00 PM
From: FNS	Read Replies (2) \| Respond to of 25814

herb: Re: >Sorry the bounce off number is 25 1/4 not the 26 1/4.< 25 1/4 is technically correct if you're using intraday trading ... many guys chart from closing numbers, and I found that useful for determining true breakouts. Regardless, I'm back to using simple Point and Figure (P & F) charts with X's and 0's based on 3 unit moves...so that's where I see the 25 number for LSI. If it holds in here then that's fine; then we can test the previous 28 top, the higher 29 top, and then potentially breakout at 30... However, given this DOWN market, LSI could very well drift down to 21 support and still maintain a bullish trend. Many stocks got beat up today. Let's see which ones will bounce back the quickest when the market turns north! With CSCO beating estimate only by a penny, I'm not too happy. FNS