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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Fahmy who wrote (76243)	3/11/1999 10:34:00 PM
From: lanac	Respond to of 186894

Hi I did not read all the posts so if someone posted this allready its a double post its from smartmoney.com and as i understand it INTC is not gonna warn about this q here it is ====================================================================== Time for a Defensive Growth Stock Market Digest SmartMoney Gainers & Losers March 11, 1999 5:20 P.M. EST Market Digest By Cintra Scott and Monica Rivituso and Rebecca Thomas WALL STREET is closing in on Dow 10,000. The Dow Jones Industrial Average jumped above 9,900 for the first time on positive economic data. "The market resembles a motor raceway -- plenty of speed, lots of action and plenty of surprises," says Alan Ackerman, executive vice president of Reich & Co. "[Dow 10,000] is a psychological barrier. Once it hits 10,000, the buying could feed on itself," he says. Still, investors should beware of concerns that companies will start to warn about earnings as the quarter's end approaches. Technology stocks are the weakest, while investors are turning to financial stocks. Commodity companies in the chemical and oil sectors are also rebounding. -------------------------------------------------------------------------------- Applied Power (APW) NEWS LAST PRICE P/E 52-WK HI 52-WK LO NET CHG. % CHG. 26.31 44.6 40.19 20.38 3.813 16.944 Quote As Of 03/11 6:30PM Shares of the maker of tools and enclosures soared Thursday. The rally in Applied Power could be attributed to one analyst who is touting the stock. Analyst Keith Dunne at BancBoston Robertson Stephens said he hosted a conference call with investors to spread his message that the stock is cheap. Analysts expect Applied Power to report fiscal second-quarter (ended February) earnings of 49 cents a share next Thursday. Given its growth prospects, Dunne thinks the stock could rise to the mid-40s in the next year. -------------------------------------------------------------------------------- Boston Scientific, Guidant SYM LAST PRICE P/E 52-WK HI 52-WK LO NET CHG. % CHG. (BSX) 32.13 -46.6 81.69 23.00 2.313 7.757 (GDT) 67.63 67.6 67.13 29.75 1.500 2.268 Quote As Of 03/11 6:30PM Shares of the medical-devices makers rallied. ING Baring Furman Selz analyst Sam Navarro raised his forecast for Guidant's first-quarter coronary stent sales to $180 million from $175 million on Thursday. The medical-devices maker has the potential to beat Wall Street's first-quarter earnings per share estimate of 31 cents, Navarro said. There was no news from Boston Scientifc. -------------------------------------------------------------------------------- Food Stocks SYM LAST PRICE P/E 52-WK HI 52-WK LO NET CHG. % CHG. (AOR) 15.25 29.9 22.63 9.50 1.625 11.927 (MO) 39.88 18.1 59.50 34.75 0.063 0.157 (SZA) 40.19 14.3 67.00 25.69 -0.750 -1.832 Quote As Of 03/11 6:30PM The maker of Van de Kamp's and Mrs. Paul's frozen seafood is expanding its frozen foods section. Aurora Foods said it will acquire privately held Sea Coast Foods, which makes Chef's Choice frozen meals, for $50 million. Aurora also makes Duncan Hines baking mixes and Aunt Jemima breakfast foods. The company expects the acquisition to add to its earnings this year. -------------------------------------------------------------------------------- Telecom Equipment SYM LAST PRICE P/E 52-WK HI 52-WK LO NET CHG. % CHG. (ALA) 26.06 8.4 47.13 15.94 0.250 0.969 (CELL) 6.00 15.8 21.63 5.00 -7.063 -54.067 (CSCO) 105.50 128.7 117.50 41.13 1.125 1.078 (ERICY) 25.94 31.6 34.00 15.00 2.063 8.639 (NOK/A) 149.75 64.0 155.38 48.88 -0.688 -0.457 (TLAB) 89.19 43.3 93.13 31.38 4.063 4.772 Quote As Of 03/11 6:30PM Brightpoint's stock plunged Thursday after the company announced that its first-quarter revenue and earnings will not meet Wall Street's forecasts. The distributor of cellular phones and services expects revenues of $375 million to $400 million and earnings per share to be approximately zero. Analysts expected Brightpoint to earn 22 cents a share, vs. earnings of 16 cents a year ago. The company said it is having trouble getting an adequate supply of cellular phones in China and Taiwan. Its Latin American division is also suffering following the devaluation of Brazil's currency, the real. The company said these factors will probably hurt profits during the rest of the year. But analysts think there are other problems. "We believe that the major culprit is actually a much more severe competitive environment," says analyst Michael Ching at Merrill Lynch, who lowered his rating on the shares to Neutral from Accumulate and cut earnings estimates. A number of other analysts lowered their recommendations on the shares, including Warburg Dillon Read, and BT Alex. Brown. French telecommunications-equipment group Alcatel said Thursday that it will cut 10% of its work force, or 12,000 jobs, to cut costs. Alcatel said its profit margins will rise to 7% this year, instead of its previous forecast of 8%, from 4% in 1998. The company blamed a slowdown in the switching market. The company expects revenue to climb by slightly more than 10%. Investor confidence in Alcatel has risen since it announced its $2 billion acquisition of Xylan (XYLN) last month. Ericsson stock rose after it signed two large contracts to supply networking equipment and Internet Protocol systems. -------------------------------------------------------------------------------- Chip Stocks SYM LAST PRICE P/E 52-WK HI 52-WK LO NET CHG. % CHG. (ADI) 26.69 41.1 39.31 12.00 -0.813 -2.955 (CY) 8.81 -7.1 12.00 5.50 -0.188 -2.083 (INTC) 118.13 34.2 143.69 65.66 1.250 1.070 (LSCC) 44.00 23.8 56.31 18.88 -2.250 -4.865 (NSM) 10.69 48.6 24.75 7.44 0.000 0.000 (MU) 54.00 43.2 80.56 20.06 -0.750 -1.370 (VTSS) 48.00 65.8 52.94 17.13 -0.313 -0.647 Quote As Of 03/11 6:30PM Chipmakers issued some good news at a conference hosted by U.S. Bancorp Piper Jaffray Wednesday. Memory chipmaker Micron Technology said that analysts have been raising estimates for its fiscal second quarter (ended February), but did not comment on whether it would exceed the consensus forecast of a loss of two cents a share. Its shares have been weak lately on worries that memory chip prices are lower. The company said pricing has been somewhat stable since last quarter, but the spot price for DRAMs is between $9.20 and $9.30 a chip, compared with about $9.80 before Christmas. Though concerns are growing that PC sales are weakening, the company said more of its other chip products are being used in PC peripherals, TV set-top boxes and graphics and Internet applications. Meanwhile, microprocessor maker Intel reiterated that it expects revenue to slow slightly and gross margins to fall in its first quarter from last quarter. It plans to make chips as fast as 600 MHz in the second half for both PCs and laptops, as well as a size as small as 0.18 microns. Analysts expect the SmartMoney pick to earn $1.10 a share in the first quarter, compared to 81 cents a share in the same period a year ago. SmartMoney pick National Semiconductor is supposed to report fiscal third-quarter (ended February) earnings Thursday. The consensus estimate is a loss of 20 cents a share, compared to profits of 16 cents a share a year ago.