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THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---D270--->

MARKET SUMMARY FOR THURSDAY SEPTEMBER 7TH. 2000

DOW INDUSTRIAL: 11259.87  = -50.77

NASDAQ: 4098.35  = +85.01

S & P 500: 1502.51  = +10.26

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed due to a rotation with Technology stocks being hot today. Gainers included: ADC Telecom, Altera, AMD, Applied Materials, Atmel Corp, Boeing Co., Broadvision, Carolina Southern Bank, Cisco Systems, Commerce One, Compaq, Covad Communications Group, Dell, EggHead.Com, eLoyalty, EMC Corp, Ericsson, Global Crossing, HNC Software, IBM, InfoSpace, Intel, IVAX Corp, JDS Uniphase, LanOptics Ltd, Lattice Semiconductor, Medstone International, Micron Tech, Microsoft, Motorola, National Semiconductor, Nextel Communications, Nokia, OpNet Technologies, Optika, Oracle, OTG Software, Palm Computing, Pfizer, Pharmchem, Qualcomm, Read Rite, Retek, StockerYale, Sun Microsystems, Unisys Corp, Venture Catalyst, Wal-Mart, and ZeroPlus.Com.

MAIN REASONS FOR ACTIVITY

  • US Jobless Claims for week ending September 2 dropped to 316,000 - due primarily to the Verizon Communications strikers returning to work. US Continuing Claims edged up for the fourth straight week. The 4 week moving average moved up to 318,000 - above the all-critical 300,000 mark.
  • US Wholesale Trade dropped 0.3% in July, while the June data was revised upward to a 1.1% growth. These data show a slowing economy. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Ivax Corporation reported that a US District Judge denied a stay ruling today that could have stopped IVAX from selling the Generic version of Taxol, Bristol Myers Squibb's hot cancer drug. Ivax gained 5.26%, and Bristol Myers Squibb lost a fraction today too.
  • The Energy Information Agency (EIA) and the American Petroleum Institute (API) released its weekly US Crude Oil reserve figures that sent crude oil futures closing above the $35/barrel mark.
  • Yahoo! lost 4.57% after the Lehman Brothers analyst Holly Becker reiterated her cautious stance. She stated that "..near term results are not at risk". Both Holly Becker and Yahoo! stated that the market is taking the comments made by Yahoo! CEO Tim Koogle out of context. Yahoo! is however, gaining in after hours trading.
  • Covad Communications Group gained after expanding services to Ohio cities of Akron and Cincinnati.
  • CNET News.Com reported that Microsoft is in the process of expanding its online music offering with the acquisition of MongoMusic, an upstart with advanced music search technology. The report stated that Microsoft is paying $65 million for the startup and its search technology. Microsoft gained a fraction.
  • National Semiconductor reported its fiscal Q1 earnings of 76 cents a share, a whopping 11 cents a share better than First Call estimates. National is also forecasting a 6% to 8% fiscal Q2 increase in sales, and 30% above fiscal Q2 1999 sales, especially in non-PC chips. National Semiconductor closed up 6.32%, and helped chip stocks to close higher.
  • The Wall Street Journal reported that AT&T Wireless is interested in acquiring rival Nextel Communications. Nextel gained 5.87%, while AT&T Wireless closed unchanged.
  • IBM and Retek, a major B2B player, have signed a partnership that will allow both companies to jointly market, sell, and service products from Retek's applications to IBM's software and hardware. IBM gained 1.45%, while Retek gained 28.79%.
  • Optika, a software company, gained 48.84% after announcing partnerships with WebMethods and Xerox Corporation.
  • eLoyalty gained 36.36% after announcing that it is helping Ford Motor Company integrate its customers loyalty expertise in Ford's Telematics Support System.
  • Advanced Micro Devices (AMD) has filed with the SEC to sell about $1.5 billion in debt securities when market conditions permit. AMD gained 1 point, or 3.13%.
  • AOL and Time Warner pledged in a filing with the FCC that it will open up its cable systems to internet service providers (ISPs), excluding the set-top boxes. AOL and Time Warner are trying to salvage their merger plans. Both stocks closed lower.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • The markets will close the week strong. We are still bullish on our picks.
  • STOCKS TO WATCH NEXT MARKET DAY: Biotechnology, Energy, Semiconductor and Online Retailing stocks, especially B2B companies, will dominate Friday. 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).


NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Lattice Semiconductor, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D269--->

MARKET SUMMARY FOR WEDNESDAY SEPTEMBER 6TH. 2000

DOW INDUSTRIAL: 11313.51  = +52.90

NASDAQ: 4013.34  = -129.84

S & P 500: 1492.25  = -14.83

MOST ACTIVE STOCKS & SECTORS



 The markets closed mixed again as analysts issue another caution on semiconductor stocks, thus sending technology-heavy NADSAQ stumbling even further. Gainers included: Amazon, Americredit Corp, Ameritrade Holdings, Associates First Capital, BB&T Corp, Boeing Co., Clear Channel, CIT Group, Citrix Systems, EMusic.Com, eToys, E*Trade Group, Excite@Home, FirstSpartan Financial, GE, Giga Information Group, Gulf Indonesia, Heller Financial, Hershey Foods, Household International, IBM, Industrie Natuzzi S.p.A., IVAX Corp, Jetform Corp, JW Mays, Liquid Audio, Marine Drill, McDermott International, Metris Companies, Mohawk Industries, Noble Drilling, Perle Systems, Pilgrims Pride, Petro Heli N.V., Qualcomm,  Rambus, Rex Stores, Revlon, Santa Fe Financial Corp, Shaw Industries, Solectron, StarMedia Networks, Starmet Corp, Swift Energy, Wal-Mart, and Xerox Corp

MAIN REASONS FOR ACTIVITY

  • Semiconductors (chip) sales in July rose 4.02%, and 50% since July 1999. Strong demand was reported for telecommunications, Digital Signal Processors (DSP), and flash memory chips. PC chip sales is picking up, but slowly. Asia and the Americas (North and South) saw the strongest increase in demand, while European sales were unexpected sluggish.
  • The National Association of Purchasing Managers (NAPM) reported the NAPM Non-manufacturing Index for August at 60.0%, well above the July levels, but below the June levels. New orders rose 2.5% for the month. New export orders rose 3%. The Price index dropped 2.5% for the period to 59%.
  • US productivity for fiscal Q2 was revised upward to 5.7%, with durable goods manufacturing leading. The Unit Labor Cost drop was larger than previously stated. Unit Labor cost dropped 0.4%. All this data suggests that the economy has no inflationary pressures to worry about, and the chip market is still robust enough. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Ivax Corporation reported that a California Judge's ruling today could allow it to start selling the Generic version of Taxol, Bristol Myers Squibb's hot cancer drug. Ivax gained 6 in regular trading and still gaining after hours trading.
  • Hershey foods gained 5.49% after reporting that it expects strong sales in second half of year 2000.
  • Yahoo! CEO Tim Koogle made known at the Robertson Stephens Internet Conference that they are in the process of consolidating to reduce their exposure to dot com advertisement pull back. He added that "..it will take a LITTLE of the upside away in the near term". Yahoo! loss 4.32% in regular trading.
  • Donaldson, Lufkin Jenrette downgraded chip maker Micron Technology to an "Outperform" recommendation. Micron lost 10.99%.
  • Novell, the struggling networking software maker, announced that it will cut 900 jobs, or 16%, of its workforce and take a $50 million charge in fiscal Q4. Novell has seen its earnings drop by as much as 80% due to a bruising competition from Microsoft. Novell lost a fraction.
  • Yahoo! announced a deal today with the Recording Industry Association of America (RIAA) that will allow it to webcast music on it properties.
  • BB&T is acquiring Southeastern US banking rival FirstSpartan financial in a $103.9 million stock swap. BB&T gained 2.09%, while FirstSpartan gained 31.29%.
  • Warner Buffett's Berkshire Hathaway is offering $2 billion for carpet maker Shaw Industries. This lifted Shaw by 53.33% and rival Mohawk Industries by 13.07%. Berkshire closed lower.
  •  YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • We are still holding to our picks! The data reported above should try to avert the panicky herd mentality. The market is swinging too wildly on any news. The market might even over-react to Mr. Koogle's comments that Yahoo! is in trouble, which is not the case.
  • About Internet advertising, read the next bullet point, and should you want more, visit our Quarterly forecasts, or search our previous articles with the keywords: Nielsen, Media Metrix, and Jupiter Communications.
  • STOCKS TO WATCH NEXT MARKET DAY: See below 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).



NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D268--->

MARKET SUMMARY FOR TUESDAY SEPTEMBER 5TH. 2000

DOW INDUSTRIAL: 11260.61  = +21.83

NASDAQ: 4143.18  = -91.15

S & P 500: 1507.08  = -13.69

MOST ACTIVE STOCKS & SECTORS


 The markets closed mixed as Coca Cola's outlook lifts the Dow, while an Intel downgrade sends technology-heavy NADSAQ stumbling. Gainers included: Amazon, American Express, AT&T, BarnesandNoble.Com, Billing Concept, Cendant, Citigroup, Coca Cola, Commerce One, Conseco, Equant N.V.,  Excite@Home, Extended Systems, ExxonMobil, Fisher Scientific International, Ford Motor Co., Friedman Billings & Ramsey, GoTo.Com, Guilford Mills, HomeBase, Home Depot, ICIC Ltd., I-Link Corp, InfoSpace, Intermedia Communications, ITT Education, Ixos Software, JP Morgan, Kaydon Corp, KCS Energy, Loral Space, LSI Logic, MessageMedia, Neomedia Technology, NetNation, Niagara Mohawk Holdings, Philip Morris, Qualcomm, Silicom Ltd., Synthetech, ThermoGenesis, Torch Energy, ToysR'Us, Ventro Corp, Wal-Mart, and Yahoo!

MAIN REASONS FOR ACTIVITY

  • Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • National Grid is paying $3 billion for New York State power utility Niagara Mohawk Holdings. Niagara closed up 13.51%.
  • Takeover rumors in brokerage industry, especially about JP Morgan, pushed some brokerage stocks up.
  • Word is that the Federal Trade Commission (FTC) wants the AOL/Time Warner merger proposal to make numerous changes before it will consider approving it. The FTC is worried that AOL will unfairly dominate the market in areas where Time Warner owns cable systems. AOL and Time Warner were supposed to meet with European Union officials this week so as to persuade them to approve the merger. AOL lost a fraction, while Time Warner lost 3.07%.
  • Worldcom is paying $6 billion ($3 billion in stocks and $3 billion in debt) to acquire Intermedia Communications, parent of leading web hosting company Digex. Global Crossing was previously eyeing the company. Intermedia gained 37.64%, while Worldcom lost 3 3/16.
  • The US Dollar gained against both the Japanese Yen and the Euro. October crude Oil Futures rose 45 cents to close at $33.83/barrel as supply fears continue to mount. Soybean futures were also up due to drought concerns.
  • CNET Networks reported that its $1.6 billion purchase of ZDNet will generate about $580 million in revenues in year 2001. CNET lost 6.84%, while ZDNet lost 6.92%.
  • IBM and AT&T announced a $450 million partnership that will allow IBM to use AT&T's hosting facilities to bring other businesses online. IBM lost 1.82%, while AT&T gained 1.18%.
  • GoTo.Com gained 19.55% after announcing a $50 million deal with AOL that will allow paying clients to rank higher on AOL Properties' searches. GoTo.Com expects a similar deal very soon with Yahoo!, which gained 2.80%. Do you think the selling of rankings on the net's 2 most popular sites will dilute these directories from quality destination sites to just another deep-pocket content hype? Give us your viewpoints here.
  • USB Piper Jaffray downgraded Intel to a "buy" recommendation because of an "unexpected" slowdown in chip demand.
  • Qualcomm gained a fraction on word that the Chinese Government might allow China Unicom, a telecommunications company, to build its CDMA technology as early as 2001. Qualcomm licenses the CDMA technology.
  • Coca Cola gained 3.80% after announcing that it will meet analysts' fiscal Q3 expectations.
  • Internet retailing stocks like Amazon gained aggressively after the Gartner Group, an Internet use research company, reported that it expects Online retailing to double this holiday season to $19.5 billion. 
  •  YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • Today's drop was just a hiccup. An over-reaction due to the Intel and AOL/Time Warner woes. We are still holding to our picks!
  • About Internet advertising, read the next bullet point, and should you want more, visit our Quarterly forecasts, or search our previous articles with the keywords: Nielsen, Media Metrix, and Jupiter Communications.
  • We don't expect Internet companies to suffer from advertisement revenues for some basic reasons: The Internet will play a very important role in the Sydney Olympics. For example, most people will turn to the Internet to get scores and standings on sports their local networks will not cover (mine is Soccer!). This will be the Internet's really FIRST Olympics, and we are actually forecasting a tremendous rise in traffic. Secondly, as we pointed out in our Quarterly forecasts, brick and mortar stores are now raising their online advertisement budgets, and when is the best time to advertise than say the Olympics? or after that, the never ending holidays that stretch from November to December. As such, we are still bullish on our picks, especially Internet Portals, BioPharmaceuticals and Biotechnology. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: See below 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).



NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D267--->

MARKET SUMMARY FOR FRIDAY SEPTEMBER 1ST. 2000

DOW INDUSTRIAL: 11238.78  = +23.68

NASDAQ: 4234.33  = +27.98

S & P 500: 1520.77  = +3.09

MOST ACTIVE STOCKS & SECTORS


 The markets rallied on good economic data. Gainers included: Advanced Power Technology, Apple Computer, Ashanti Goldfields, Atmel Corp, AT&T, AT&T Liberty, Bea Systems, Bid.Com International, British Sky Broadcasting, Broadvision, Chase Manhattan, ChinaDotCom, ComDisco, Commerce One, Deutsche Telekom, Endo Pharmaceuticals, Ericsson, Ford Motor Co., France Telecom, The Gap, Global Crossing, Hewlett Packard, Home Depot, IBM, Infonet Services, Intimate Brands, Iomega, Ion Networks, Jones Apparel, King Pharmaceuticals, KPN N.V., Lamson & Session, Lexmark International, Lucent, Lycos, Madge Networks, Microsoft, Nokia, Nortel Networks, Notify Technology, Oracle, Pfizer, Polymer Group, Satyam Infoway, Southwest Securities, Supergen, Symphonix Devices, Target Corp., Technitrol, Telefonica S.A., Telik, Terra Networks, Texas Instruments, Tyco International, Tycom Ltd., Wallace Computer, Wal-Mart, Wind River Systems, and Worldcom.

MAIN REASONS FOR ACTIVITY

  • The Economic Cyclical Research Institute (ECRI) reported that its Future Inflation Gauge (FIG) for August was 121.1, the lowest levels in 5 months, and the fourth consecutive decline.
  • The US  Unemployment rate edged up from 4.0% to 4.1% in August. Hourly earnings also eased to June levels. The earnings ease came mostly from construction and manufacturing sectors. Job claims rose 105,000 in the period.
  • The National Association of Purchasing Managers (NAPM) reported that its NAPM index dropped to 49.5% in August, the first time the index came below 50% since January 1999. The associate Employment and Production indexes all came in below 50%. The Price Index came at 56.2%, the lowest in a whole year. New Order declined slightly to close at 49.7%. Any close above 50% signify manufacturing growth.
  •  US Construction spending dropped 1.6% in July, the fourth straight month. Public Projects and Retail Building Construction  spending led the decline. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Ford Motor Co. reported that despite the tire recall woes that surrounded its Ford Explorer Series, sales slipped only 3.7% overall in August. Ford Explorer sales dropped 0.8% for the month, but due to the extra selling day in August, Explorer sales actually rose to 40,157 - a new record for August. Ford gained a fraction. GM's overall sales dropped 5.4% for the month, with Oldsmobile sales dropping 30.9%. GM closed up 3 1/8. DainlerChrysler reported that over the year sales rose 2%, led by record sales in SUVs, Minivans, and the PT Cruiser. DaimlerChrysler gained a fraction.
  • Yahoo! lost 6.22% after a Wall Street Journal article raised issue about the DotCom advertising budget cuts again.
  • Nielsen/NetRatings reported that more and more Americans are now using the Internet to get financial information. Yahoo! leads the pack with 3.1 million unique visitors in July, CBS Marketwatch and card company NextCard came in with 2.5 million each, while MSN's MoneyCentral came in next with 2 million.
  • AOL and Time Warner will meet with European regulators next Wednesday and Thursday to persuade them to approve their merger. EMI Group will also be joining them so as to push for the approval of its joint venture with Warner Music Group. AOL lost 2.01%, while Time Warner lost 1.34%.
  • A Connecticut Jury awarded One million Dollars to a small and privately held Bristol technologies in its suit against Microsoft. Bristol claimed in its suit that Microsoft used its monopoly power to refuse renegotiation on a new contract for Windows source code. The US District Court Judge ruled that Microsoft violated both Federal and State anti-competition laws and used business practices that were "..wanton, deceptive..". Microsoft gained a fraction.
  • Global Crossing rose 16.8% after raising its revenue expectations for the current year by 7% to $5.2 billion, a whopping 38% above 1999.
  • Bid.Com International gained 27.4% after announcing that its One million Dollars stake in Quack.Com is now worth $23 million due to AOL's acquisition of voice portal.
  • The National Highway Traffic Safety Administration (NHTSA) gave a warning on 1.4 million more Firestone Tires. The warning said these 1.4 million tires pose even greater dangers than those being recalled. Firestones is a unit of Japan's Bridgestone Corporation.
  • Lycos gained 3 5/8 after its CEO Bob Davis distanced itself from Yahoo!'s business model. Mr. Davis said that its pending merger with Terra Networks will insulate it from DotCom advertising revenues because the diversified group will rely on advertising, e-commerce, access and wireless. Terra Networks gained 2 7/8. 
  •  YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • Once again, we have an upbeat outlook for next week. We are still holding to our picks! About Internet advertising, read the next bullet point, and should you want more, visit our Quarterly forecasts, or search our previous articles with the keywords: Nielsen, Media Metrix, and Jupiter Communications.
  • We don't expect Internet companies to suffer from advertisement revenues for some basic reasons: The Internet will play a very important role in the Sydney Olympics. For example, most people will turn to the Internet to get scores and standings on sports their local networks will not cover (mine is Soccer!). This will be the Internet's really FIRST Olympics, and we are actually forecasting a tremendous rise in traffic. Secondly, as we pointed out in our Quarterly forecasts, brick and mortar stores are now raising their online advertisement budgets, and when is the best time to advertise than say the Olympics? or after that, the never ending holidays that stretch from November to December. As such, we are still bullish on our picks, especially Internet Portals, BioPharmaceuticals and Biotechnology. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: See below 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).


NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D266--->

MARKET SUMMARY FOR THURSDAY AUGUST 31TH. 2000

DOW INDUSTRIAL: 11215.10  = +112.09

NASDAQ: 4206.35  = +102.54

S & P 500: 1517.68  = +15.09

MOST ACTIVE STOCKS & SECTORS


 The markets rallied in very heavy trading due to acquisitions and rumors of acquisitions, and on good economic data. Software, financial, and some Internets rose. Gainers included: 3 Dimensional, Alkermes, AMD, Applied Materials, Arena Pharmaceuticals, Ariba, Atmel Corp, Bea Systems, Blue Martini Software, Brilliance, Broadcom, Bruker Daltonic, Chase Manhattan, Cisco Systems, Commerce One, Community health Systems, Compaq, Compuware, Cybersource, Dell, Donaldson Lufkin Jenrette, Dot Hill Systems, Ericsson, Exodus Communications, Firstwave Technology, Freeport McMoran, GE, Global Crossing, Goldman Sachs, Hutch Technology, IBM, InfoSpace, Intel, JDS Uniphase, JP Morgan, Keryx Biopharmaceuticals, KLA Tencor, Lexent, Lexmark International, Marex.Com, Motorola, Nextel Communications, Nokia, Nortel Networks, Novell, Oceaneering International, Palm Computing, Peoplesoft, Pfizer, Qualcomm, Rambus, RehabCare, Sanmina, Signalsoft, SmartService, Splash Technology Holdings, Taiwan Semiconductor Manufacturing Co. (TSMI), Talk.Com, Texas Instruments, Tommy Hilfiger, Wallace Computer, Webex, Worldcom, and Xoma Ltd.

MAIN REASONS FOR ACTIVITY

  • The US Department of Commerce reported that Internet Retail Sales for Q2 2000 rose 5.3% to $5.518 billion, representing 0.68% of total retail sales. The Q1 2000 Internet Retail Sales data was revised downward to $5.240 billion, representing 0.70% of total retail sales.
  • The Conference Board reported that the US Help Wanted Advertisement Index for July rose moderately to 82 points, the same rate as it was in May, but well lower than the 89 points reported in April. An increasing help wanted index indicates an expansion, but in this case, the growth is negligible.
  • US Factory Orders dropped 7.5% in July (largest drop ever), due mostly to a sharp drop in Aircraft orders. Electronics and Electrical equipment orders dropped 17.2% for the period. Industrial equipment however, rose, with computer equipment leading the gains with a 7.9% increase. Semiconductor supply was also strong for the period.
  • US Chain Store Sales' year-to-year rose a mere 3.3% in August. Chain Store sales continue to slide with Department and Apparel stores leading the decline in August.
  • US Jobless Claims for week ending August 26 stood at 318,000, about 4,000 higher than the preceding week.
  • The Chicago Purchasing Managers Association reported that its Chicago PMI for August dropped to 46.50 which is an indication of manufacturing slowing in the Chicago area. A PMI above 50 is an indication of a expansion in the sector. Based on today's data and what we are expecting tomorrow, we have re-shaped our view on possible Federal Reserve FOMC action on October 3. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • The Wall Street Journal reported that European Anti-Trust Officials are concerned about the AOL/Time Warner merger. The Commission feels AOL/Time Warner will dominate online content delivery in the areas of music, film, sports and entertainment programming. AOL lost a fraction, Time Warner lost 1.43%.
  • Excite@Home is acquiring the most popular gaming site Pogo.Com for an undisclosed amount. Pogo.Com is one of the stickiest (people stay longest) site on the web. Excite lost a fraction.
  • Cisco Systems, the networking equipment behemoth, is paying $369 million in stocks for PixStream, a privately held Canadian maker of hardware and software for digital video delivery over high speed networks. Cisco rose 2.91%.
  • AMD announced that Larry Hollatz, VP of Computation products, and an influence in the spectacular performance of the Athlon Processor, is resigning to pursue other interests. The sudden departure of Mr. Hollatz when AMD is leading rival Intel in 1 Gigahertz processor market is a puzzle. Intel closed up 1.87%, while AMD gained 7.86%.
  • Taiwan Semiconductor Manufacturing Co. (TSMC) announced that its global Wafer Foundry Capacity is sold out to 2001, and expects demand to be robust up to 2003. TSMC closed up 1.82%.
  • Crude Oil dropped 20 cents to close at $33.12/barrel (October futures delivery).
  • Ariba, IBM, and Microsoft are planning a B2B Standard that will let businesses register their services and other businesses interested in the services can access it (a directory-like standard built around XML). Ariba gained 3.20%, IBM gained 1.39%, while Microsoft lost a fraction.
  • Electronics for Imaging, a color imaging company, is paying $146 million for Splash Technology, a supplier of color servers. Electronics for Imaging lost 3 1/16, while Splash Technology gained 27.88% 
  • Nielsen/Net Ratings reported that its July measure of 8 countries' internet use on at home basis found Yahoo! leading with 66 million, AOL with 62 million, and MSN with 50 million. Yahoo! was number 1 in Japan, Singapore and Ireland. MSN was number 1 in UK, Canada, Australia, and New Zealand. AOL led in the US. The study also found e-commerce as booming globally. AOL, Microsoft and Yahoo! all closed lower.
  • After the CS First Boston acquisition of Donaldson Lufkin Jenrette (DLJ), rumors are now that JP Morgan might be acquired by either Goldman Sachs or Chase Manhattan, or possibly a foreign company. JP Morgan rose 10.08%, Goldman Sachs 3.54%, and Chase up 4.93%.
  • Sanmina, a Contract Electronics Manufacturer (CEM), announced that it is acquiring the Messaging System Integration & Fulfillment Operations of Lucent Technologies. Sanmina gained 13.19%, while Lucent lost 1 1/16. Read our take on the future of CEMs at our Quarterly forecasts page.
  • Retailers like the Gap, the Limited, JC Penney, Ross Stores, Target, Intimate Brands and the Finish Line were all downgraded today.
  • AFTER CLOSE: AOL announced that it is acquiring, voice activated portal Quack.Com for an undisclosed amount. This acquisition will allow AOL access to non-PC devices.
  • AFTER CLOSE: Upscale retailer Nordstrom announced the resignation of J.W. Nordstrom as Chairman, John Whitacre as CEO, and Michael Stein as CFO. 66-year old Bruce Nordstrom is the new Chairman. 39-year old Blake Nordstrom is the new President, and a new CFO is being sought. Nordstrom lost 6.1% in regular trading.
  • AFTER CLOSE: Lucent, which lost 1 point in regular trading, announced that it is spinning off its Enterprise Network Group, which includes its business telephone networks, Voice & Data Switches business for the networks, and its Voice Messaging Systems Unit. The new company will be called Avaya, and the spin-off is expected to be completed by September 30th.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • The economic data tomorrow will determine market forces. We expect the economic data to show an increasing slowness in the economy.
  • We don't expect Internet companies to suffer from advertisement revenues for some basic reasons: The Internet will play a very important role in the Sydney Olympics. For example, most people will turn to the Internet to get scores and standings on sports their local networks will not cover (mine is Soccer!). This will be the Internet's really FIRST Olympics, and we are actually forecasting a tremendous rise in traffic. Secondly, as we pointed out in our Quarterly forecasts, brick and mortar stores are now raising their online advertisement budgets, and when is the best time to advertise than say the Olympics? or after that, the never ending holidays that stretch from November to December. As such, we are still bullish on our picks, especially Internet Portals, BioPharmaceuticals and Biotechnology. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: See below 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).


NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D265--->

MARKET SUMMARY FOR WEDNESDAY AUGUST 30TH. 2000

DOW INDUSTRIAL: 11103.01  = -112.09

NASDAQ: 4103.81  = +21.64

S & P 500: 1497.13  = -12.71

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as profit taking drives the Dow down, while the NASDAQ extends its gains despite an array of cross lawsuits in the semiconductor sector. Gainers included: ADC Telecomm, Amazon.Com, AOL, Ariba, AXA Financial, Bea Systems, Broadvision, Centra Software, Chase Manhattan,  CMGI, Commerce One, Compuware, Conseco, Cooper Co., Copper Mountain Networks,  DLJ Direct, Donaldson Lufkin Jenrette, Efficient Networks, EMC Corp., eStamp.Com, Esterline Technology, EXE Technologies, Exodus Communications, Ford Motor Co. FreeMarkets.Com, Global Crossing, GTSI Corp, i2 Technologies, Informix, InfoSpace, Inktomi, Iomega, Ion Networks, Juniper Networks, Key3Media Group, Liberate Technologies, Manufacturers Services, McData, Microtune, Neoware Systems, Nextel Communications, Nokia, Oracle, OSI Systems, Pathogenesis, Phycor, PurchasePro.Com, RehabCare, Redback Networks, Safeguard Scientifics, Saga Systems, Startek, Titan Corp., Unisys, Verizon Communication, and Visx.

MAIN REASONS FOR ACTIVITY

  • US Index of Leading Economic Indicators dropped (-0.1%) in July, and the June level was revised downward to a (-O.1%) loss. Orders for Consumer Goods and Materials led the decline, and Capital Goods (excluding defense) also dropped. Consumer Expectations and Average Weekly Manufacturing hours rose for the period. The Coincident (current economic activity) index was unchanged, while Lagging Economic Index lost (-0.1%).
  • The US Energy Information Administration (EIA), and the American Petroleum Institute (API) reported that US Crude Oil increased to 2 million & 5.3 million barrels respectively for period ending August 25. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Rambus announced that it will contest Hyundai Electronics Industries' claims that it doesn't owe it royalties. Hyundai filed suit in a US District Court to disprove Rambus' claims that it is infringing on its Microchip Technology. Rambus lost 5.50%.
  • Amazon rose 8.36% after Goldman Sachs Analyst Anthony Noto had positive comments about Amazon's new French Store and recent partnerships.
  • Researchers at the University of Washington and Seattle based biotechnology company PathoGenesis reported the sequencing of 5,500 genes of Pseudomonas Aeruginosa, a bacteria that causes death to Cystic Fibrosis patients. This development could lead to a Cystic Fibrosis antibiotic. Pseudomonas is also associated with causing infections in Cancer, AIDs and burn patients. Pathogenesis gained a fraction.
  • Saudi Arabia made known that it will work closely with other OPEC countries so as to increase production. Oil related stocks closed lower due to this news and the EIA/API reports.
  • Intel Corp., has filed a lawsuit against rival chip maker Broadcom for patent infringement. Both stocks closed lower.
  • Juniper Networks is replacing Visx on the NASDAQ 100 Index effective September 7th. Visx is delisting from the NASDAQ and listing on the NYSE. Juniper gained 3.95%, while Visx gained 1.08%.
  • CS First Boston is acquiring Donaldson, Lufkin & Jeannette (DLJ) for $11.5 billion. CS First Boston will pay AXA Financial, a unit of France's AXA that owns 70% of DLJ $90 a share for its holdings. This purchase will push CS First Boston halfway closer to the IPO leader Goldman Sachs. AXA financial increased a fraction, DLJ rose 5.06%.
  • A San Francisco Superior Court Judge cleared the way for private lawsuits in California against Microsoft to go to court with "Class Action" status. The lawsuits are alleging that the software giant overcharged on Windows 95 and 98. Microsoft lost 1.32%.
  • E-Stamp.Com gained 87.50% after announcing that it has formed an alliance with the National Federation of Independent Business (NFIB) that will give it exclusive access to its 600,000 members. 
  • Expectations of a strong fiscal Q3 earnings and approval from regulators for eMarketplaces around the world pushed up B2B Stocks.
  • Inktomi gained 5.7% after Lehman Brothers initiated coverage with a "buy" recommendation.
  • EXE Technologies gained 40.5% after Banc of America Securities initiated coverage with a "strong buy" recommendation.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • The economic data tomorrow and the rest of the week will determine market forces. We expect the economic data to show an increasing slowness in the economy.
  • We don't expect Internet companies to suffer from advertisement revenues for some basic reasons: The Internet will play a very important role in the Sydney Olympics. For example, most people will turn to the Internet to get scores and standings on sports their local networks will not cover (mine is Soccer!). This will be the Internet's really FIRST Olympics, and we are actually forecasting a tremendous rise in traffic. Secondly, as we pointed out in our Quarterly forecasts, brick and mortar stores are now raising their online advertisement budgets, and when is the best time to advertise than say the Olympics? or after that, the never ending holidays that stretch from November to December. As such, we are still bullish on our picks, especially Internet Portals, BioPharmaceuticals and Biotechnology. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: See below 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D264--->

MARKET SUMMARY FOR TUESDAY AUGUST 29TH. 2000

DOW INDUSTRIAL: 11215.10  = -37.74

NASDAQ: 4082.17  = +11.58

S & P 500: 1504.36  = -9.73

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed on economic data news. Gainers included: ADC Telecomm, AMD, American Management Systems, AT&T, Cable & Wireless Plc., Cisco Systems, Computer Associates, Compuware, Conseco, Crossroads Systems, Cyber-Care, Dell, DLJ Direct, Donaldson Lufkin Jenrette, Dycom Industries, Excite@Home, GTSI Corp, Healtheon/WebMD, Informix, InfoSpace, Ingersoll-Rand, Intel, JP Morgan, LaBranche & Co., Lehman Brothers, Lucent Technologies, Mastec, Motorola, National Information Consortium, NextCard, Olympic Cascade, Oracle, Palm Computing, Recoton Corp, Repeaters Technologies, Ridgewood Financial, RTI International Metals, Saga Systems, SBC Communications, Silicon Storage, Sprint FON Group, Sycamore Networks, Three Five Systems, Tucker Anthony Sutro, Wabash National, and Xerox Corp.

MAIN REASONS FOR ACTIVITY

  • The Conference Board reported that US Consumer Confidence in August stood at 141.1, below the consensus estimate, and below the upward revised June figures of 143. Consumer Confidence for the Present Situation and Expectations of the future were all down for the month.
  • US New Home Sales for July posted a sharp increase to 944,000 units, well above the consensus estimates, and the highest monthly growth in over 7 years. The West recorded the sharpest jump, followed by the South and Midwest regions. The Northeast however, recorded a drop. What does this mean? We shouldn't read too much into this data for the following reasons: Most housing data like existing home sales contradict this data. Secondly, new home sales data for August will be due before the Federal Reserve FOMC meets again on October 3rd., let alone other economic data releases. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Dycom industries rose 10.34% after reporting late yesterday that its fiscal Q4 earnings came in at 51 cents a share, a whopping 8 cents a share better than First Call estimates. Over the year fiscal Q4 sales rose 57.2% to $239 million in fiscal Q4 2000.
  • Cable & Wireless Plc. is exchanging about $500 million worth of shares in Hong Kong Pacific Century Cyberworks Ltd. for a 4.3% stake in Internet incubator CMGI. Cable & Wireless rose a fraction, while CMGI lost a fraction.
  • Dresner Kleinwort Benson downgraded Ford Motor Company to "add" from its "buy" recommendation. The downgrade came due to tire recall. Ford Motor lost a fraction.
  • UUNet, the Internet "Backbone" unit of Worldcom, is entering the South American Internet market, starting with Brazil. Worldcom lost 1.51%.
  • Word is that Credit Suisse First Boston is in negotiations to buy Donaldson Lufkin Jenrette. Donaldson Lufkin Jenrette closed up 24.98%, and this news lifted other brokerage stocks. 
  • Micron Technology has filed a Federal lawsuit against Rambus about patent infringement. The Micron lawsuit is a defensive move against Rambus which has sued semiconductor companies like Hitachi for patent infringement. Rambus lost 4.02%, while Micron Tech. lost 2.59%.
  • Provident Savings is buying Ridgewood Financial, both of New Jersey. Ridgewood gained 90%.
  • Cyber-Care gained 58.90% after it announced that Yale University will partner with it in a 3 month trial of its Electronic Housecall System, an online home-based patients monitoring system.
  • National Information Consortium (NIC), a company that help governments set up their web presence, is partnering with AOL. Under the plan, the NIC will work with all the 50 states to provide government information and services for AOL members. NIC gained 43.50%, while AOL lost a fraction.
  • GTSI Corp has won a $857.2 million US Department of Defense contract to upgrade the US military's networks, computer systems, and communications infrastructure worldwide. GTSI closed up 3.85%.    
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • The economic data tomorrow and the rest of the week will determine market forces. We expect the economic data to show an increasing slowness in the economy.
  • We don't expect Internet companies to suffer from advertisement revenues for some basic reasons: The Internet will play a very important role in the Sydney Olympics. For example, most people will turn to the Internet to get scores and standings on sports their local networks will not cover (mine is Soccer!). This will be the Internet's really FIRST Olympics, and we are actually forecasting a tremendous rise in traffic. Secondly, as we pointed out in our Quarterly forecasts, brick and mortar stores are now raising their online advertisement budgets, and when is the best time to advertise than say the Olympics? or after that, the never ending holidays that stretch from November to December. As such, we are still bullish on our picks, especially Internet Portals, BioPharmaceuticals and Biotechnology. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: AAStrom Biosciences, AMD, Amgen, Analog Devices, Ariad Pharmaceuticals, Ariba, Bea Systems, Calypte Biomedical, Chiron, Clarus Corp, Compugen, Dallas Semiconductor, DSL.Net, Dyax, Epimmune, Excite@Home, Genzyme Molecular Oncology, Gilead Sciences, GTSI Corp, Hitachi, II-VI inc., Ilex Oncology, Incara Pharmaceuticals, Incyte Genomics, Kana Communications, KLA Tencor, LifeMinders, LSI Logic, Lycos, Metron Technology N.V., National Semiconductor, Onyx Pharmaceuticals, Pegasystem, Pemstar, Rambus, Stem Cells, Tyler Technologies, Versicor, Viasystems Group, Vitesse Semiconductor, WJ Communications, Xoma Ltd., Yahoo!, and the picks below. 
  • Biotechnology, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Telecommunications stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D263--->

MARKET SUMMARY FOR MONDAY AUGUST 28TH. 2000

DOW INDUSTRIAL: 11252.84  = +60.21

NASDAQ: 4070.59  = +27.91

S & P 500: 1508.60  = +2.15

MOST ACTIVE STOCKS & SECTORS

The markets rallied due to bargain hunting, actual mergers and rumored acquisitions. Gainers included: Ameritrade Holdings, BlueFly.Com, Brilliance, Broadvision, Chase Manhattan, Charles Schwab, Citigroup, Compaq, Computer Associates, Compuware, Cybersource Corp, Dell, DLJ Direct, Donaldson Lufkin Jenrette, Edgar Online, Elcor, EMC Corp, E*Trade Group, GE, GetThere.Com, Henly Healthcare, HMT Technology Corp, Huffy Corp, IBM, Intel, Isomet Corp, JP Morgan, Juniper Networks, Kyocera Corp, LaBranche & Co., Lamson & Session, Lucent Technologies, Manugistics, Micron Tech, Microsoft, MMC Networks, National Discount Brokers (NDB), Nextel Communications, Oracle, Qualcomm, Qwest Communications International, Salton, Shaw Corp, Silicon Storage, Sony Corp, Spectrasite, Sun Microsystems, Texas Instruments, Unisys Corp, Verizon Communications, Vertel Corp, Vodafone Group, Western Digital, Worldcom, and Xoma Ltd.

MAIN REASONS FOR ACTIVITY

  • US Personal Income rose 0.3% in July, in line with economists' forecasts, and 0.1% lower than the June growth rate. Consumer spending rose 0.6%, while June figures were revised downward to 0.4%. The Saving rate was negative (-0.2%), a record low. The Personal Consumption Expenditure deflator (PCE Deflator) rose only 0.2%, one basis point (0.1) below the June rate, and a sign that inflation is in check for now. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Alteon Websystems, a web switch maker, is paying about $152 million in stocks for Bluetail, a Swedish Internet Startup. As previously reported on this site, Nortel is buying Alteon for $7.3 billion in stock. Alteon lost 1 5/8.
  • Microsoft is teaming up with Amazon to create an e-Bookstore on Amazon based around Microsoft's Reader Software. Amazon lost a fraction, while Microsoft gained a fraction.
  • Yahoo! lost 9.08% after Lehman Brothers Analyst Holly Becker, expressed caution on dot.com advertisement spending on the portal.
  • Spectrasite, a wireless tower operator, is paying $1.3 billion to lease 39,000 wireless communications towers from SBC Communications International. Spectrasite also has a similar arrangement with Nextel Communications. Spectrasite gained 13.99%, Nextel gained a fraction and SBC also gained a fraction.
  • Sabre Holdings Corporation, the Global leader in travel-reservation, is cutting about 1,200 jobs and paying $757 million for GetThere.Com, a whopping 30% above its closing capitalization today. GetThere.Com closed up 41.75%, and Sabre also closed up. 
  • Applied Micro Circuits is paying about $4.5 billion in stocks to acquire MMC Networks, a high speed communications equipment maker. Applied closed with a 2.52% lost, while MMC gained 40.58%
  • Bluefly gained 77.42% after announcing that it has a prime spot on the AOL Shopping Area. SEC filings also show that George Soro's management funds have bought warrants and notes from the high-end retailer valued at about $3 million. AOL closed lower.
  • Xoma Ltd., a Biopharmaceuticals company, rose 28% to close at $10 a share after US Bancorp Piper Jaffray Analyst Mark Augustine raised its price target on the stock to $18 a share. Xoma is developing a drug in conjunction with Genentech called Anti-CD11a.
  • Manugistics, a software developer, gained 29.03% after wining a John Deere contract.
  • Intel is recalling it's Pentium III processors with the 1.13 Gigahertz Speed. A defect has been detected. Intel closed up a fraction in regular trading.  
  • Merger speculations in the online brokerage sector saw most of these battered stocks bided higher today.    
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • We don't expect Internet companies to suffer from advertisement revenues for some basic reasons: The Internet will play a very important role in the Sydney Olympics. For example, most people will turn to the Internet to get scores and standings on sports their local networks will not cover (mine is Soccer!). This will be the Internet's really FIRST Olympics, and we are actually forecasting a tremendous rise in traffic. Secondly, as we pointed out in our Quarterly forecasts, brick and mortar stores are now raising their online advertisement budgets, and when is the best time to advertise than say the Olympics? or after that, the never ending holidays that stretch from November to December. As such, we are still bullish on our picks, especially Internet Portals, BioPharmaceuticals and Biotechnology. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: AAStrom Biosciences, AMD, Amgen, Analog Devices, Ariad Pharmaceuticals, Ariba, Bea Systems, Calypte Biomedical, Chiron, Clarus Corp, Compugen, Dallas Semiconductor, DSL.Net, Dyax, Epimmune, Excite@Home, Genzyme Molecular Oncology, Gilead Sciences, Hitachi, II-VI inc., Ilex Oncology, Incara Pharmaceuticals, Incyte Genomics, Kana Communications, KLA Tencor, LifeMinders, LSI Logic, Lycos, Metron Technology N.V., National Semiconductor, Onyx Pharmaceuticals, Pegasystem, Pemstar, Rambus, Stem Cells, Tyler Technologies, Versicor, Viasystems Group, Vitesse Semiconductor, WJ Communications, Xoma Ltd., Yahoo!, and the picks below. 
  • Biotechnology, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Telecommunications stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).


NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D262--->

MARKET SUMMARY FOR FRIDAY AUGUST 25TH. 2000

DOW INDUSTRIAL: 11192.63  = +9.89

NASDAQ: 4042.68  = -10.60

S & P 500: 1506.45  = -1.86

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed due to profit taking in Technology stocks. Gainers included: 24/7 Media, Amazon, AT&T Liberty, Bid.Com International, Boeing Co., Calypte Biomedical, Commerce One, Craig Corp, DoubleClick, Engage Technologies, Franklin Electric, FreeMarkets, GE, Genaissance Pharmaceuticals, Hypercom Corp, Hytek Biosystems, IBM, Individual Investor, JDS Uniphase, LifeMinders, Loral Space, Loudeye Technology, Lucent Technologies, Mediaplex, Metron Technology N.V., MoldFlow Corp, Motorola, MyPoints.Com, Next Level Communications, Pfizer, PurchasePro, Qwest Communications International, Read Rite, Rhodia, Rio Algom Ltd, Schien Pharmaceuticals, ServiceWare.Com, Silverline Technologies, Sprint FON Group, Stem Cells, Travelocity.Com, Tyco International, Verizon Communications, Wal-Mart, Watson Pharmaceuticals, and Worldcom.

MAIN REASONS FOR ACTIVITY

  • US Existing Homes Sales dropped to 4.79 million units sold, a 10% drop, in July. June levels were revised upwards. The sharp increase in home prices in the South and the West are the reasons these 2 regions led in the sharp drop.
  • US Q2 2000 Gross Domestic Products (GDP), a measure of goods and services produced in the US, was revised upward to 3.5%, slightly lower than what economists were anticipating. Durable Goods were revised downward, while Non-PC technology spending for networks related equipment, PDAs, and Servers were revised upward. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Hypercom introduced a wireless card payment device with web access. Hypercom gained 23.78%. 
  • Billiton, a UK mining and metals company, is offering about $1.1 billion for the Canadian company Rio Algom Ltd. The Billiton offer is higher than the offer Rio received from Noranda. Rio Algom gained 9.54%.
  • Crude Oil prices spiked up 40 cents today to send October delivery futures closing above the $32 a barrel mark. Tight crude supplies continue to put pressure on prices.
  • Verizon Communications gained 3.60% after announcing that it has settled with the remaining 37,000 striking union workers.
  • The US Dollar gained against the Japanese yen to close at 106.91Yen/Dollar, while the Euro gained against the Dollar to close at 90.16 cents.
  • Wal-Mart gained 2.15% after announcing that it is entering the major appliances retailing business. About a dozen Wal-Mart stores are now in a trial run where Wal-Mart stores will carry General Electric (GE) dishwashers and freezer brand names. GE closed up a fraction.
  • IPO Today: ServiceWare, a customer relationships management software developer, closed up 25% above its offering price.
  • John Roth, CEO of number 2 network equipment maker Nortel Networks, made known that they are considering spinning off Nortel's Fiber Optics parts division. Nortel lost a fraction.
  • RazorFish, an Internet consulting and services company, lost a fraction after it was announced that its President of 3 months, Mike Pehl, is resigning.
  • A hoax press release stating that, the CEO of data networking giant Emulex has resigned, and the company is restating its just passsed quarterly earnings. Emulex ended losing 6.4%, and other data networking stocks like Brocade Communications and QLogic lost 2.95% and 5.30% respectively, due to the hoax.
  • Ford Motor Company, which has been battered recently due to its slow reaction to the 6.5 million Firestone Tire recall that its hot SUVs use, announced today that it is forming an eMarketplace with its 4,200 dealers. The site will be called FordDirect.Com, and will not only sell cars, but give customers information on how much dealers pay for the vehicles. Ford closed down a fraction.
  • Calypte Biomedical, a medical testing equipment maker, gained 191.67% after announcing that China has approved its HIV urine test for use in that country.
  • A forecast by Jupiter Communications that online advertisement will a compounded 30% for the next 5 years lifted online advertisement stocks.    
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • Today's revised GDP data makes us bullish on our core Technology stocks. The Stem Cell saga is also very beneficial to biotechnology stocks. As such, we are still holding on to most of our picks. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: AAStrom Biosciences, AMD, Amgen, Analog Devices, Ariad Pharmaceuticals, Ariba, Bea Systems, Calypte Biomedical, Chiron, Clarus Corp, Compugen, Dallas Semiconductor, DSL.Net, Dyax, Epimmune, Excite@Home, Genzyme Molecular Oncology, Gilead Sciences, Hitachi, II-VI inc., Ilex Oncology, Incara Pharmaceuticals, Incyte Genomics, Integrated Telecom Express, Kana Communications, KLA Tencor, LifeMinders, LSI Logic, Lycos, Metron Technology N.V., National Semiconductor, Onyx Pharmaceuticals, Pegasystem, Pemstar, Priceline, Quokka Sports, Rambus, Stem Cells, Tyler Technologies, Versicor, Viasystems Group, Vitesse Semiconductor, WJ Communications, Yahoo!, and the picks below. 
  • Biotechnology, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Telecommunications stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D261--->

MARKET SUMMARY FOR THURSDAY AUGUST 24TH. 2000

DOW INDUSTRIAL: 11182.74  = +38.09

NASDAQ: 4053.28  = +42.27

S & P 500: 1508.31  = +2.34

MOST ACTIVE STOCKS & SECTORS

The markets rallied again as more economic data show a slowing economy. Gainers included: AAStrom Biosciences, ADC Telecomm, AMD, Amtech Systems, AOL, Applied Materials, Boeing Co., Bruker Daltonic, Cima Labs, Citigroup, Dell, Ericsson, Finistar Corp, GE, Gene Logic, Geron Corp, Hei Corp., Honeywell International, I3Mobile, IBM, Incara Pharmaceuticals, J2 Communications, JDS Uniphase, Krispy Kreme, Mandalay Resort Group, Microsoft, Network Plus, NogaTech, Nortel Networks, Oracle, Palm Computing, Pfizer, Qualcomm, Qwest Communications International, Read Rite, Silicon Storage, Sprint PCS Group, Stem Cells, Sun Microsystems, Texas Instruments, Verizon Communications, Vodafone Group, Worldcom, Xoma Ltd., and Yahoo!

MAIN REASONS FOR ACTIVITY

  • US Initial Jobless Claims rose for week ending August 19 to 314,000. Jobless claims have now risen for 4 straight weeks. The August 12 data was revised to 310,000.
  • New Orders for Durable Goods dropped a record 12.4% in July. Electronics/Electrical equipment, and Transportation equipment had the highest declines. The data was encouraging signs that the Federal Reserve might not take action again when they meet on October 3. The markets rallied on the news. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Zoran, a circuits and software maker, is paying $170 million in stocks to acquire Nogatech, a video chip maker. Nogatech gained 52.88%. 
  • Stem Cells research stocks continue to gain after the Clinton Administration announced that it will lift the ban on federal funding for research in embryotic stem cells.
  • Honeywell International gained 4.92% after announcing that it is looking for a buyer for its automotive products unit.
  • Verizon Communications gained 3.09% after filing for a tracking stock IPO for its wireless division. The IPO is to be handled by the same companies AT&T used for its AT&T Wireless IPO. Verizon Wireless is expected to raise $10 billion in the offering and use the proceeds to upgrade its systems.
  • Mandalay Resort Group gained a fraction after reporting fiscal Q2 earnings of 48 cents a share, 1 cent a share better than First Call estimates, and almost double fiscal Q2 1999 earnings.
  • Next Level Communications, a high speed communications equipment maker, lost 54.40% after a Lehman Brothers Analyst projected that revenues will decline for the company's single largest customer Qwest communications International. Lehman Brothers downgraded the stock to a "neutral" recommendation. Qwest however, closed up 1 1/2.
  • Doughnuts Company Krispy Kreme reported fiscal Q2 earnings of 25 cents a share, well better than estimates of 7 cents a share. Krispy Kreme is forecasting high single digit growth for the second half of the year. Krispy Kreme closed up 23.57%.
  • AFTER CLOSE: Sycamore Networks, which closed lower due to earnings worries, reported fiscal Q4 earnings of 8 cents a share, 2 cents a share better than First Call estimates, and 100% better than fiscal Q4 1999. Revenues rose a whopping 700% to $90. 4 million in fiscal Q4 2000 earnings.
  • AFTER CLOSE: Crossroads Systems, a storage networks equipments maker, reported fiscal Q3 losses of 30 cents a share, 9 cents a share more losses than First Call estimates, and more than triple fiscal Q3 1999 losses. Over the year revenues were down 6% to $4.8 million. Crossroads is losing sharply in after hours trading.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • We are still holding MOST of our picks. The economic data today wasn't really reacted to, but we expect a more positive reaction tomorrow. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: AAStrom Biosciences, AMD, Amgen, Analog Devices, Ariad Pharmaceuticals, Ariba, Bea Systems, Chiron, Clarus Corp, Compugen, Dallas Semiconductor, DSL.Net, Dyax, Epimmune, Excite@Home, Genzyme Molecular Oncology, Gilead Sciences, Hitachi, II-VI inc., Ilex Oncology, Incara Pharmaceuticals, Incyte Genomics, Integrated Telecom Express, Kana Communications, KLA Tencor, LifeMinders, LSI Logic, Lycos, McData, National Semiconductor, Onyx Pharmaceuticals, Pegasystem, Pemstar, Priceline, Quokka Sports, Rambus, Stem Cells, Tyler Technologies, Versicor, Viasystems Group, Vitesse Semiconductor, WJ Communications, Yahoo!, and the picks below. 
  • Biotechnology, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Telecommunications stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).


NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.


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