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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (53624)	3/16/1999 6:48:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

CPQ Recommended by MM. From Yahoo Club Thread _____________________________ Raymond James International's Thierry Guille TonyL106 (48/M/San Jose, CA) Mar 16 1999 2:54PM EST said.. he is optimistic about CPQ which he felt had over-corrected. ---- Paris, March 16 (Bloomberg) -- The following is a comment on the U.S. stock market by Thierry Guille, a partner at Raymond James International SA in Paris whose U.S.-based parent Raymond Financial Corp. manages $12 billion. ''I think the market will continue rising,'' he said. ''Economists will again be wrong about the U.S. consumption and the GDP.'' Current forecasts of 2 percent growth are too low, with the economy more likely to expand 3 percent, he said. ''Profits will also be better than what we think. I expect the market will slow down in the short-run. But, on the whole the market will rise another 2000 by the end of year.'' ''Technically, it's weak because only a small number of shares are being traded. That's worrisome. Plus, there are as many shares rising as falling. This proves that the current rise is based on a smaller number of shares which weakens the market. ''The market continues to rise because people have already integrated the modest results of some companies,'' said Guille. ''Investors will regain confidence in them. I'm rather optimistic about Cisco and Compaq which had some over- corrections.'' ''I'd buy Intel, but I wonder why it didn't rise yesterday. That may mean they'll issue a warning this week. The stock could fall to $105 and then become a screaming buy.'' ''We might beat the 10,000 today. There's speculation that more banks may merge.'' ''Credit Suisse's good results can also boost financial stocks in the U.S. -- there are 12,00 banks in the U.S. On the back of Fleet Financial's announcement yesterday, Mellon Bank and JP Morgan could do very well today.'' ''Another merger in the sector is not to be excluded. Lehman is looked at by many people. Chase had said they wanted to buy an investment bank and mergers often happen when the market is at record highs.'' ''We like airlines,'' he said. ''United Airline said profit would be $1.35 instead of the $1.12 the market expected. We're positive on airlines as the dollar will continue to rise against the euro. People will continue wanting to fly, as is logical in times of economic growth. We like Northwest and Delta. I'd be prudent on AMR as they have union problems.'' ''In the pharmaceutical sector, the main products are those against arthritis such as those made by Monsanto and Pfizer. They're the Viagra of 1999. Merck should also get approval for its Vioxx, a treatment which is supposed to have fewer secondary effects than Monsanto's drug. I like Merck, but prefer Warner- Lambert