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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (47908)	2/18/1999 10:12:00 PM
From: Eggolas Moria	Respond to of 132070

No, not Ontario. Just a bit below the Northwest Angle. Cold enough. You at least have the moderating influence of the Great Lakes. <g> Take a look at this: <<NEW YORK (Dow Jones)--A trend favored by the old saw "sell on strength, buy on weakness" will continue in the technology sector, according to Loomis Sayles managing partner Phil Schettewi. "There are plenty of opportunities, but some companies have gotten ahead of themselves," Schettewi said in an interview with CNBC Thursday. "I've been scaling back (in the technology sector)." he said. "You have to be somewhat more selective in this sector. I think there are some tremendous opportunities but some of the names got quite bid up in price." An indication that there is a cyclical move back down in the technology group, Schettewi said, is that "when good news comes out, the stocks don't go up." Schettewi sees Sun Microsystems Inc. (SUNW), Texas Instruments Inc. (TXN) and Applied Materials Inc. (AMAT) leading in the downside. Texas Instruments is susceptible to some profit taking, Schettewi said. He thinks Dell Computer Corp. (DELL) is "attractive" in the "low 70s to high 60s." The stock closed at 83 Thursday. He likes companies that will benefit from information technology spreading out and an increasing demand for bandwidths. His picks of such companies include Loral Space & Communications Ltd. (LOR), Electronics Data Systems Corp. (EDS) and MCI Worldcom Inc. (WCOM). Schettewi predicts that some Internet companies that enjoyed early success, such as Amazon.com Inc. (AMZN), eBay Inc. (EBAY) and Ubid Inc. (UBID), will re-emerge only to "blow up again and then severely come down in the next several months.">> I knew I should have watched CNBC, but the kids had other ideas.