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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (25761)	2/27/1999 6:26:00 AM
From: kha vu	Read Replies (2) \| Respond to of 120523

Summary News related to Market GEMS plays: upside.com ****************************************************************** Who's Next to Fall? Greed Is Good February 26, 1999 by Aaron Bunnell Line 'um up. The great bowling ball of analyst sentiment and lower-than-expected earnings has started its journey. The first victim was AMD (AMD: unchanged, 18 1/2) last month. Then Dell (DELL: -1 5/8, 80 1/8) last week. And Friday, the analysts hit Compaq (CPQ: -5 9/16, 35 7/16) and picked up the spare with Micron Technology (MU: -8 13/16, 58). The result? The markets dive on wanton selling of tech shares. The Basics: So the NYSE wants to trade tech stocks, huh? Good thing for the Dow it wasn't trading Nasdaq shares today. The Big Board finished off 59.76 to 9306.58, cutting its intraday losses in half. Things were much bloodier on the Nasdaq, which shed 1.67 percent, down 38.79 to 2288.03. Bellwether Pains: It wasn't bad enough that Micron Technology was taken off of Goldman Sachs' "recommended list" and rated a "market perform." Merrill Lynch had to go and cut its Q1 earnings-per-share estimate for Compaq Friday to 30 cents from 35 cents, as did CS First Boston to 31 cents from 36 cents. Thanks a lot, we all feel the pain now. Getting slaughtered were Hewlett-Packard (HWP: -4 3/4, 66 7/16), Sun Microsystems (SUNW: -5 3/8, 97 5/16), Texas Instruments (TXN: -7 1/16, 89 3/16), IBM (IBM: -3 7/8, 169 3/4), Intel (INTC: -7 13/16, 119 15/16) and Microsoft (MSFT: -3 3/8, 150 1/8). IPO Joys: Now that's how you do it. Getting money for nothing (and its chicks for free) Friday was pcOrder.com (PCOR: +26 1/8, 47 1/8) with a 124 percent gain. The online retailer did the smart thing and raised its inital offering price from the $11-to-$13 range all the way up to $21. That allowed the company to raise $46.2 million rather than the $24.2 million to $28.6 million it would have at the original price. Also debuting Friday was software evaluator and EarthWeb (EWBX: +1, 37 3/8) competitor Intraware (ITRA: +2 7/8, 18 7/8). EBay Launches: EBay (EBAY) gained 34 1/2 to 334 without any major news to guide it. The darling of online auctioneers far outpaced the mixed Internet sector. Inching up were @Home (ATHM: +2 7/16, 106 1/8), Amazon.com (AMZN: +3 1/8, 128 1/8), Excite (XCIT: +3 11/16, 102 1/2), Network Solutions (NSOL: +4 7/16, 181 1/2) and USWeb (USWB: +1 3/8, 33 1/16). Falling short were Inktomi (INKT: -2 7/8, 62 1/8), DoubleClick (DCKL: -1 1/8, 89 7/8) and E-Trade (EGRP: -5/8, 46). Lycos (LCOS: -5 3/8, 87 5/8) shares dropped, despite the portal's better-than-expected losses reported Thursday of 3 cents an adjusted share for Q2. Revenue was up 142 percent from the year-ago period, when Lycos posted a penny-a-share profit. Intuit Beats Street: Intuit (INTU: +9 3/8, 96 15/16) saw its share price soar after beating First Call's Q2 estimates by 4 cents a share. The software developer turned a profit of $1.34 a share. Revenues were up 43 percent for the quarter to $346 million. Aaron Bunnell is Director, Internet Development, at UPSIDE.