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To: Lee who wrote (117541)	4/14/1999 4:45:00 PM
From: Jerry Catalfo	Respond to of 176388

FWIW, Apple's earnings: Actual 0.60 EST. 0.56 Last yr.0.38 Rev inc.9.0% CPQ's problems are CPQ's problems. Pfiffer shouldn't be trying to bring down the whole industry with his comments and poor execution!

To: Lee who wrote (117541)	4/14/1999 7:53:00 PM
From: Mohan Marette	Respond to of 176388

Apple beats consensus,earnings up 69%. Lee: ......' But that doesn't exactly explain why people were buying the likes of CAT, MMM, DD, AA today. Does this mean some inflation might be creeping back or that global recovery is further along than what is being reported?..' I heard global recovery is underway, even Indonesia is projected to have their GDP improved,the last estimate I saw from IMF was -2% to +1% for fiscal 99. Commodity prices are firming a bit also,I think the CRB index is at +190 or so.If the index get to 200 or above it should be good indicator of global recovery.Shouldn't CAT,MMM,DD etc good indicators of this as well? As for inflation creeping up,still in subdued mode as far as I know judging from the recent reports. Now what is with apple,I thought PC business was pretty much dead at this point at least according to various pundits like Danny boy! ;...' Apple Computer Inc. (AAPL): The maker of the best-selling iMac home computer said fiscal second-quarter earnings rose 69 percent, more than expected. Profit from operations rose to 60 cents a share, beating the 57-cent average estimate of analysts polled by First Call. ...'

To: Lee who wrote (117541)	4/15/1999 8:37:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176388

Say Lee, Abby says vast majority of U.S tech stocks represent very good value! I think I listen to her before I listen to 'pretty boy Danny'. Source:NBR April.14,1999 Excerpts only ABBY JOSEPH COHEN, CHIEF INVESTMENT STRATEGIST, GOLDMAN SACHS: We believe that the vast majority of U.S. stocks, and the vast majority of U.S. technology stocks, represent very good value. MILLER: Even before those comments, strength was coming from some of the stodgiest names. Analysts say the driving force today was a growing belief the world economy is on the mend. Aluminum stocks like ALCOA (AA) shined. So did chemicals like DuPont (DD). Caterpillar (CAT) and Boeing (BA) both had strong showings. The stocks of paper and forest companies gained after International Paper (IP) reported good earnings. Airlines took off, sending nearly every stock in the Dow Transportation Index higher. Financial companies continued their upward march, led by JP Morgan (JPM). The bank says first-quarter earnings were nearly double what Wall Street expected. DIANE GLOSSMAN, BANKING ANALYST, LEHMAN BROTHERS: Morgan reported absolutely outrageous high earnings that were so far beyond their prior record that I won't even give you the percentage change. This was driven primarily by outstanding performance across its fixed income operations to clients. MILLER: Meanwhile, investors dumped shares of some of Wall Street's NASDAQ darlings. Intel (INTC), Microsoft (MSFT), and eBay (EBAY) all got hammered, sending the Composite Index down nearly 3 percent. PETER CANELO, MORGAN STANLEY DEAN WITTER: Investors are worried that there may be a slowdown in technology. I'm not so sure, but it doesn't matter whether there is or there isn't. There's a lot of profits in these stocks. People are getting out, and they're looking for safer places. MILLER: Despite today's midday pullback by the Dow, analysts say the broad market rally is an encouraging sign. They are pleased that out-of-favor stocks are finally getting noticed. Now they hope the rally can expand even further. Erika Miller, NIGHTLY BUSINESS REPORT, New York.