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To: TechAlive who wrote (109160)	3/11/1999 9:45:00 PM
From: stockman_scott	Respond to of 176387

<<BTW, those Internet stocks are set for a heavy correction once reality figures into the picture.>> IMHO, HIGH QUALITY Internet stocks (like AOL, CMGI, DELL, YHOO, and eBay) will continue to do VERY WELL if you have a long time horizon. Here is what Merrill Lynch said yesterday in their Internet Investment Philosophy Statement: <<We regard the Internet as a global mega-trend, along the lines of the printing press, the telephone, ad the computer...and it is changing the way companies and people communicate, research, buy, sell, and distribute goods and services, and spend leisure time. We believe it will affect multiple industry sectors in the world economy over the next decade. We believe that the Internet will continue to cause the creation and /or redistribution of hundreds of billions of stock market capitalization in a variety of sectors-with big winners and big losers. We recommend that investors develop a comprehensive industry-by-industry Internet investment strategy, whether direct or indirect, offensive or defensive. The aim of such an exercise would obviously be to move money where the growth is. We agree that the leading pure-play Internet stocks look very expensive, but we think there are good reasons to own small positions in them anyway. Among these is the belief that the real "risk" in such open-ended opportunities is not losing money, but missing a big upside. We believe the least risky Internet investments are also the most expensive-the sector leaders. If the "bubble" ever bursts, we believe that what will be left are a few fast-growing companies with big market capitalizations- and a lot of wreckage. We believe that the Internet stocks will continue to be sentiment-driven and extraordinarily volatile - and there are clearly favorable and unfavorable times to buy them (although the only mistake thus far has been to stay permanently on the sidelines).>> Nothing Ventured, Nothing Gained...!!! Choose Wisely and Good Luck Investing. Regards, Scott

To: TechAlive who wrote (109160)	3/11/1999 11:35:00 PM
From: Bretsky	Read Replies (4) \| Respond to of 176387

LOOKS LIKE BAD NEWS EVERYBODY Thread: NSM cautious about pc market. biz.yahoo.com Thursday March 11, 10:23 pm Eastern Time National Semi posts loss, cautious about PC market (Adds details, grafs 3, 8, 10-11, byline, PRV SANTA CLARA) By Therese Poletti SAN FRANCISCO, Calif., March 11 (Reuters) - National Semiconductor Corp., a maker of a wide range of computer chips, reported a narrower-than-expected third quarter loss, but warned it was more cautious about the fourth quarter due to an uncertain market for personal computers. The Santa Clara, Calif.-based company reported a net loss of $27.2 million, or 16 cents a share, compared with a profit of $26.2 million, or 16 cents a share a year ago, excluding a one-time charge for an acquisition in the year-ago period. The loss in the latest quarter compared with Wall Street expectations of a loss of 20 cents a share, according to First Call, which tracks earnings estimates. Revenues fell to $500 million from $650 million. National said its sales in the third quarter declined slightly from the second quarter, due to a drop in sales of its Cyrix microprocessors, which compete with microprocessors from Intel Corp. and Advanced Micro Devices Inc. Improvements in sales of its wireless and analog chips only partially offset the decline in microprocessor sales. Gross margins improved over the prior quarter, in part to due a bigger contribution from the wireless and analog products. ''We are going into the fourth quarter more cautiously than we would have expected three months ago because of competitive uncertainties in the personal computer market,'' said Brian Halla, National's chief executive, in a statement. Recent news from top-tier PC makers such as Compaq Computer Corp., which warned of weaker-than-expected demand earlier this month, and slowing revenues at industry high flyer Dell Computer Corp., have fueled concern among analysts and investors that PC industry growth is slowing. Halla said National sees continued improvement in its other business lines, particularly in the analog and wireless areas. He also said National should begin to realize revenue from its recent customer wins providing chips for new information appliances sometime in the second half of the calendar year. Orders for the latest quarter were down 16 percent from the year-ago third quarter, and off 12 percent in a seasonal decline from the fiscal second quarter ended in November, National said. Although PC motherboard-related orders declined, orders in the rest of the business improved from the second quarter, the company said. National said orders rebounded significantly in February and were nearly even with last year after weak markets over the holidays resulted in declining bookings in December and January. (Nasdaq:INTC - news), (NYSE:AMD - news) (NYSE:NSM - news) (NYSE:CPQ - news) (Nasdaq:DELL - news) Regards, M2