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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (52303)	3/17/1999 8:35:00 AM
From: Eggolas Moria	Read Replies (2) \| Respond to of 132070

PC Bulls Won't Go Away!! <g> Bulls Hope Signs of Strength In PC Sales Will Buoy Market By MARIA V. GEORGIANIS Dow Jones Newswires NEW YORK -- Technology-stock bulls are hoping that new signs of healthy personal-computer sector fundamentals will push the Dow Jones Industrial Average's brief flirtation with the 10000 mark into a longer affair. . . . But other analysts remain cautious and are betting on the sector to continue in a "correction mode." "A lot of stocks could get cut in half," said William Fleckenstein, manager of hedge fund Fleckenstein Capital. "Anything related to PCs is in big trouble," he said. The rising importance of sub-$1,000 computers will be a "tremendous crimp" on profits for PC makers and component manufacturers, Mr. Fleckenstein said. In addition, most of the technology purchasing to prepare for the year 2000 computer glitch is already over with, he said. interactive.wsj.com