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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (5734)	4/19/1999 6:11:00 PM
From: John Carragher	Respond to of 17183

Bank One Fund Managers See Sustainable Rise In Stocks By RICHARD C. TEN WOLDE Dow Jones Newswires NEW YORK -- Money managers from One Group Mutual Funds, a division of Bank One Corp. (ONE), said Monday they expect stock prices to continue to climb in the next 12 months as the present market rally broadens to include sectors that have remained stagnant until now. Despite Monday's drop in stock prices, Rick Jandrain, the chief investment officer for the fund group, said at a press conference here that he foresees strong earnings, low inflation and checked interest rates contributing to a prolonged upward trend. Investors can expect to see a shift in leadership among the top-performing stocks, Jandrain said. Though he doesn't expect technology stocks to fall, he said other sectors will catch up to those stocks, as the global economy regains its stride. "I think you are going to see a lot of positive earnings surprises across the board," Jandrain said. "The economy has been much stronger than expected (in the first quarter), and on the international front, it looks like business wasn't as bad as expected." Duane Eatherly, a technology analyst at the fund family, said he expects tech stocks to continue to be leaders within the economy's sectors. The Internet, he said, will facilitate the growth in the sector driving growth in personal-computer sales and corporate sales over the Internet. Still, the Nasdaq Composite Index fell again Monday, plunging 5.6%, the seventh sharpest dive in terms of percentage. And the index is down 9.7% since its April 12 high. The One Group funds are investing in the companies building the components needed to keep the Internet running, such as Cisco Systems Inc. (CSCO), Oracle Corp. (ORCL) and EMC Corp. (EMC), and those benefiting from marketing sales services on the Net, such as Amazon.com Inc. (AMZN). If Jandrain is right and the stock rally widens, Ronald Doyle, who oversees the group's small-cap funds, likely will be relieved. He's been expecting a rebound in small-caps for 2 1/2 years. Doyle said banks are one area of promise among small companies. He likes TCF Financial Corp. (TCB) and Charter One Financial Inc. (COFI).

To: Tony Viola who wrote (5734)	4/19/1999 6:42:00 PM
From: JRI	Respond to of 17183

Alright boys and girls...time for EMC and Microsoft to turn this sucker around....just looking at some of cyclical charts....United Tech, Raychem, etc....they are going parabolic!!! And we all know what happens to parabolic spikes....witness (lately) EGRP, Dell, etc...

To: Tony Viola who wrote (5734)	4/19/1999 6:50:00 PM
From: William Hunt	Read Replies (1) \| Respond to of 17183

Tony---What are your thoughts on EMC ---thinking about buying in . From reading the thread earnings are due out tomorrow but the way the market is acting that does not necessarily mean the stock will respond to good earnings . Appreciate your comments BEST WISHES BILL