Forum Archive Index - April 2000

["Oliver Shapleski" <oliver.shapleski@vuw.ac.nz>]

The Nasdaq soared today driven by 20% gains by Intel, Sun, Cisco and MSFT.  A lot of dot.coms continue to plunge.  (Intel article released post-mkt close attached below: Morgan Stanley upgrade Intel to strong buy)

 

Now our BDO continues to plunge (as Bob reminds us of regularly), but we also have tech stocks in NZ that are positioned well and control business in similar fashion to the US shooting stars.  Does anyone have information on who sold last week (ie "retail"/small investors or fund managers/broking houses) and who's buying now (turnover ok but still basement prices?) 

 

ADV is making a profit, RNS is making a profit, SMR is getting close, ITC has a good position in good products (BTW, I would disagree with anyone who argues that the application of VS is limited to a few sports - Americans ADORE statistics and they adore having the opportunity to deconstruct anything, particularly camera angles).   Why the malaise.  'Cos Kiwis are boring.  Kiwis have no passion (except perhaps for being PC), and live in fear.  I spent hours last night trying to explain to my dear mother that the crash of 87 was almost 13 years ago and that if she invests in diversified shares overseas she can do better than her bank account over the next ten years or so.  And I do mean hours. 

 

If someone would like to suggest why would I ever invest another dollar in NZ shares for the rest of my life, I'd love to hear from you.

 

 

Intel First-Quarter Profit Rises to 78 Cents a Share on Higher PC Demand
     Santa Clara, California: Intel Corp., the world's largest
maker of computer chips, said first-quarter earnings rose. Here's
a summary. 

Expected Market Reaction
     Limited.

Net income rose to $2.73 billion, or 78 cents a
share, from $2 billion, or 57 cents, a year ago. Sales rose 13
percent to $8.02 billion from $7.1 billion a year ago.
Behind the Numbers
     Intel is benefiting from rising demand for personal computers
and improved manufacturing processes that reduce the size of its
chips and are more cost-effective. Intel is sold out of some
versions of its Pentium III and analysts expect PC demand to climb
through the rest of the year.
What the Experts Say
     ``We expect PC unit growth will accelerate in the second
half,'' said analyst Mark Edelstone of Morgan Stanley Dean Witter,
who raised his rating on Intel to a ``strong buy'' from a ``buy.''
``Intel is in a very good position to benefit from an uptick in
demand.''