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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Frank E W who wrote (122637)	5/6/1999 8:47:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Frank: Hope Greenspan doesn't spook the market today. This is what ZDII staff came up with to put a little spark into the technology stocks. ..'Yesterday afternoon, the New York ZDII staff was chatting about what it would take to spark life in the phlegmatic state that technology stocks have resided in the past few weeks. Some financial "Prozac" was needed, though what would be in that pill would have to be rather potent and quite a special concoction of events. Yesterday's late-day surge quashed the immediate need to scrawl down a "Prozac" commentary, though it may still be needed. Here's what some of the ingredients may be: 1) Hardware makers like Dell Computer Corp. (Nasdaq: DELL) and Sun Microsystems Inc. (Nasdaq: SUNW) need to knock the cover off the ball in the second quarter and carry that through the end of the year. (2) New ideas are needed to re-ignite interest in the power of the Internet. What's needed are some IPOs that aren't niche plays using the Net as a sales and marketing tool, something along the lines of Priceline.com Inc. (Nasdaq: PCLN) - a new idea on how to do business. Let's face it, many IPOs of late have been simply tacking the word "online" to the end of a business model, e.g., advertising…online, selling maps…online, ad nauseum. (3)The furor behind cyclical stocks needs to wind down. With the economy heating up to where the Federal Reserve has to step in, this may bode poorly for value stocks that have seen an unusual run-up in stock prices as techs have waned in recent weeks. Though an interest rate hike hinders all stocks, not just the slow-moving big caps. On the economic calendar, Fed chairman Alan Greenspan is giving a keynote address "the American economy in a World Context" at 9:25 a.m. EST at a conference in Chicago. At 10 a.m. EST Treasury Secretary Robert Rubin speaks at an awards ceremony in Washington. Expect Wall Street to grind to a halt to hang onto every utterance of Greenspan. The Fed meets on May 18 to discuss monetary policy, and current sentiment leans towards the central bank pushing the interest rate higher than the current 4.75 percent.