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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: Mike S. who wrote (26097)	3/4/1999 9:39:00 AM
From: kha vu	Respond to of 120523

Thanks...I am in calls for April 80.....

To: Mike S. who wrote (26097)	3/4/1999 9:44:00 AM
From: kha vu	Respond to of 120523

DELL.. New York, March 4 (Bloomberg) -- U.S. stocks are likely to gain. Dell Computer Corp. rose in early trading and International Business Machines Corp. could advance after the companies said they will announce a multibillion-dollar strategic agreement. Standard & Poor's 500 Index futures for March settlement rose 4 to 1238, or 0.7 percent above ''fair value,'' which takes into account dividends, cost of money and number of days until expiration. Dow Jones Industrial Average futures rose 50 to 9355. Nasdaq 100 futures gained 14.50 to 1927. IBM and Dell will announce ''the largest agreement of its kind in the information technology industry,'' the companies said. The companies will provide details at a 10 a.m. news conference in New York. The accord would involve billions of dollars in sales for IBM, the Wall Street Journal reported, citing an unnamed person familiar with the agreement. ''It seems this is a good alliance,'' said Peter Coolidge, senior equity trader at Brean Murray & Co. ''This certainly helps the tech cause.'' He said investors should look carefully at the details of the agreement. Dell shares surged 3 9/16 to 84 1/2 in early trading. IBM rose 7.40 euros to 161.40. Other computer-related shares rallied in early trading: Intel Corp. rose 1 5/8 to 116 5/16, Microsoft Corp. rose 1 5/8 to 151 1/4, Amazon.com Inc. rose 3 1/4 to 126 3/4 and Yahoo! Inc. rose 4 1/16 to 157 1/2. Computer-related shares have taken a beating in the last several weeks as warnings from Dell, Compaq Computer Corp. and others caused concern that growth in the personal computer industry is slowing. Dell has lost a quarter of its value since Feb. 2, while IBM is down 15 percent since Jan. 21. Futures pared their gains after the U.S. Labor Department reported first-time claims for unemployment benefits fell 8,000 last week to 286,000, indicating the job market is continuing its rapid expansion. The news pushed bond yields higher. The yield on the 30-year benchmark Treasury bond rose 2 basis points to 5.71 percent, the highest in seven months. 3Com Gains 3Com Corp. rose 1 3/16 to 25 3/4 in early trading. German electrical engineering company Siemens AG is in talks with the No. 2 U.S. networking company to buy the 3Com unit that sells networking equipment to telephone companies for $1.2 billion, the New York Times reported. The paper cited unidentified executives close to Siemens' planning. DaimlerChrysler AG fell 0.62 euro to 79.38 in Germany. The world's fifth-largest carmaker is considering buying a more than 50 percent stake in Nissan Motor Co. Japan's Mainichi newspaper reported the story, citing sources it didn't identify. Nissan is concerned about giving up management control to the company. A senior Nissan executive said there is no reason to oppose DaimlerChrysler's share purchase, as long as the German company's equity stake doesn't exceed 50 percent, the report said. Dallas Semiconductor Corp. could rise after Chairman Vin Prothro said sales at the seller of specialized chips for some of the world's biggest high-technology companies increased in the early part of the fiscal first quarter. Monsanto-DuPont Talks Monsanto Co. rose 1 euro to 43 in Germany after a person close to the company who is familiar with the matter confirmed it is in preliminary talks with DuPont Co. about a business combination. Monsanto shares rose 6 percent yesterday after the New York Times reported the company is in talks to merge with DuPont, the biggest U.S. chemicals company. Officials of both companies declined to comment. Mattel, the world's largest toymaker, fell 0.10 euro to 22.90 in Germany. Two top executives will leave the company as part of a management shakeup in which Mattel's biggest divisions will report directly to Chairman and Chief Executive Jill Barad. 08:58:04 03/04/1999 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.