Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Henry Eichorszt who wrote (30252)	5/17/1999 7:50:00 PM
From: Tito L. Nisperos Jr.	Respond to of 70976

Hi EveryBody, RE "Salomon Smith Barney analyst Milind Bedekar knocked the wind out of a few chip equipment stocks Monday." Is History going to repeat itself? Around this time during the Last Bull Market two years ago (May 30, 1997 if my memory is right), one Lady Analyst --- Erika Klauer from the Wisdom of Salomon --- issued a DownGrade/Sell Signal on AMAT @ 65 (the stock came from 72 two days earlier) saying among other things about her target of 65 being met for the stock and that the future of the Company and for the rest of the Semi-Equips in the months ahead are going to get worse... She was proven right about AMAT the Company, but not until: --- Alan Greenspan the following Summer talked about Stocks being Too High that caused Investors to Pull out their Money from SouthEast Asia, that resulted in the Last Bear Market that is now History. But the Wisdom of Salomon was Wrong in Prematurely Selling AMAT the stock: --- AMAT ignored every disbelieving Bear when it went on to hit 108+ that summer... before sliding down for a year to the Post Split price in the 20s... Isn't it Great to Invest with History at your side?...

To: Henry Eichorszt who wrote (30252)	5/17/1999 8:59:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Henry, From Briefing.Com Topsy-turvy trading continued, as techs opened soft on light follow-through selling only to rebound into the close... Traders simply lack conviction in both directions... Bears afraid of getting trapped (as they have so often in the past), while bulls afraid that Fed might hike rates... Though Briefing.com would not be surprised if Fed adopted a tightening bias out of today's FOMC meeting, we see very little chance of an actual rate hike anytime soon... As inflation fears die out and rates ease lower, we expect the bulls to finally win out. Bullish case given a boost by Hewlett-Packard's (HWP 87 7/8 +3 11/16) stronger than expected earnings... After the close, HWP reported a quarterly gain of $0.88, eight cents better than expected and well above year ago gain of $0.65... Whisper number was in the $0.83 area... Magnitude of headline surprise should outweigh uninspiring revenue gain of 3%... Should note that revenues in line with expectations... Stock up in early after hours trading. HWP's positive earnings news likely to get market jacked up ahead of Dell's (DELL 43 1/4 +2 1/16) number due out after today's close... Stock rose Monday in anticipation of a good number... Street looking for gain of $0.16 vs. year ago profit of $0.11... Whisper in the $0.17-$0.18 area... Revenues expected to come in about $5.5 bln... Given street's disappointment over last quarter's "mere" 38% top line growth, revenue number will carry a lot of weight in dictating stock's post-earnings direction... Applied Materials (AMAT 63 1/4 +2 9/16) and Lycos (LCOS 108 1/2 +1 3/8) also scheduled to release their results today... If DELL, AMAT and LCOS can deliver positive results on the back of HWP's number, and the Fed keeps rates on hold, market's focus could begin to shift back to earnings prospects... When that happens techs will stage a strong, broad based advance, as sector poised for a very good second quarter (calendar year).