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---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/22/2000=
=20 05:48 PM --------------------------- "SmartPortfolio.Com" <admin_update@smartportfolio.com< on 03/22/2000 07:11:= 05=20 PM Please respond to "SmartPortfolio.Com" <admin_update@smartportfolio.com< To: Sara Shackleton/HOU/ECT@ECT cc: =20 Subject: SmartPortfolio.Com Update: Techs Surge, Dow Slips in Active Tradin= g The following is a FREE service brought to you by SmartPortfolio.Com, located on the Web at http://www.smartportfolio.com <A HREF=3D"http://www.smartportfolio.com"<AOL users click here</A< Update March 22, 2000 Wednesday's Market Update: Techs Surge, Dow Slips in Active Trading 1. Wednesday's Market Action 2. Internet and Tech Stocks 3. Notable Earnings Announcements 4. Notable Upgrades and Downgrades 5. Stock Splits 6. IPO Commentary 7. IPOs Trading Wednesday 8. IPO Calendar ***********************Advertisement************************* TERAYON (Nasdaq:TERN) SOARS 11.80% TODAY! Haven't heard of this explosive broadband company? Subscribers to the Smart!Internet Report have - they read an in-depth analysis of this company back on October 13, 1999 when its shares closed at 42 5/8; today, they closed at 197 7/8, representing a 364% gain since that report! To find out about your next compelling investment opportunity, try a FREE 2-week trial subscription to the Smart!Internet Report by visiting: http://www.smartportfolio.com/freetrials <A HREF=3D"http://www.smartportfolio.com/freetrials"<AOL users click here</A< ************************************************************** ***********************Advertisement************************ "My $500 is worth a lot to me. So is Ameritrade's 25 years of experience." Open and fund your cash account with only $500. http://www.smartportfolio.com/ameritrade ************************************************************* Need this report sooner? Please remember that you can always read the update on our web site at http://www.smartportfolio.com/update The update is posted at approximately 6:00 PM EST every day. The SmartPortfolio.Com Referral Contest is off to the races! So even if you only have a few e-mails you want to contribute, you still are eligible to win cash ($1,000; $500; and $250) in this contest each month! How? Just visit http://www.smartportfolio.com/ref for all the details. <A HREF=3D"http://www.smartportfolio.com/ref"<AOL users click here</A< The top 10 point leaders as of 5:00 PM EST today are: 1. Arshad Siddiquee 2. Lee Gayda 3. Joseph Yatco 4. Ziad Elkhalil 5. Davina Irwin 6. Marc Goemaere 7. John Briggs 8. Bob Forsman 9. Carol Lilley 10. Tukay Aper 1. Wednesday's Market Action $ Change % Change Close Dow Jones Industrials -40.64 -0.37% 10866.70 S&P 500 +6.77 +0.45% 1500.64 Nasdaq +153.07 +3.25% 4864.75 Internet Stock Index +41.98 +4.10% 1064.77 Tech stocks propelled the Nasdaq higher today as tech investors put yesterday's interest rate hike from the Fed behind them. Yesterday, the Fed raised two critical short-term interest rates by 25 basis points (which equals 0.25%) each. Today, Federal Reserve Chairman Alan Greenspan made positive remarks concerning the remarkable growth of the U.S. economy. Greenspan attributed much of the growth to the substantial increase in labor productivity. This is positive news to investors because to the extent workers are more productive (due to technological improvements), businesses produce more goods and services without a commensurate increase in wages. This, in turn, suggests that wage inflation is being kept in check, notwithstanding the nation's strong economic growth, which means there is less of a reason to raise interest rates. Large cap tech stocks were the driving force behind today's rally. Leading the way was Cisco Systems (Nasdaq:CSCO), up 3 33/64 (2.50%) to 144 3/8, Oracle (Nasdaq:ORCL), up 3 3/8 (+4.18%) to 84 1/16, and America Online (NYSE:AOL), up 4 1/8 (+6.12%) to 71 1/2. Other large non-tech movers today included Walt Disney (NYSE:DIS), up 1 1/8 (+2.87%) to 40 5/16, General Motors (NYSE:GM), up 1 9/16 (+1.95%) to 81 3/4, and Citigroup (NYSE:C), up 13/16 (+1.40%) to 58 7/8. On the downside, 3M (NYSE:MMM) fell 4 7/16 (-4.91%) to 86, SBC Communications (NYSE:SBC) dropped 2 (-4.42%) to 43 1/4, and Honeywell (NYSE:HON) declined 3 3/4 (-7.50%) to 46 1/4. General Electric (NYSE:GE) shares continued to impress today, edging up 3/8 (+0.25%) to 150 7/8 on continuing announcement from the conglomerate's announcement yesterday that its first quarter earnings would come in "modestly" higher than expected. The online and offline worlds came together today in another cross-marketing alliance, this one between Pepsi-Cola (NYSE:PEP) and Yahoo! (Nasdaq:YHOO). The companies announced a joint online and offline promotional campaign called "Pepsi Stuff.com" that will last 5 months beginning in August. The program will enable consumers to earn online awards and discounts from promotions appearing under the caps of bottled Pepsi products. A Yahoo! logo will also appear in close to 50,000 retail stores nationwide where Pepsi products are sold. Yahoo shares rose 5 7/16 (+2.84%) to 197 3/16 and Pepsi shares declined 13/16 (- 2.37%) to 33 1/2. 2. Internet and Tech Stocks For a FREE trial to SmartPortfolio.Com's in-depth analysis of selected Internet stocks, please visit: http://www.smartportfolio.com/freetrial <A HREF=3D"http://www.smartportfolio.com/freetrial"<AOL users click here</A< Microsoft Corp. (Nasdaq:MSFT) led tech news today after announcing an alliance aimed at establishing its position in the burgeoning market for wireless handheld devices. The software giant will team with Texas Instruments (NYSE:TXN), the world's largest developer of semiconductor chips for mobile devices, to develop improved software for these devices, such as personal digital assistants (PDAs). Microsoft will use TI's digital signal processors (DSPs) to enable its Windows CE operating system that is used in wireless handheld devices. Microsoft shares edged up 1/2 (+0.49%) to 103 1/4. First Union (NYSE:FTU) shares rose 13/16 (+2.26%) to 36 11/16 after the bank announced plans to build and launch an e- marketplace for small and mid-sized companies in the third quarter of 2000. Among other things, the online service will aggregate the buying power of participants to lower their purchasing costs on a host of supplies, products, equipment and services. First Union has tapped privately held Intelisys Electronic Commerce to help set up the service. PSINet (Nasdaq:PSIX) was also in the news after announcing it would acquire Metamor Worldwide (Nasdaq:MMWW), a business software and services company, in a stock deal valued at $1.9 billion. The move will help PSINet, an Internet access and services provider, diversify into the e-commerce arena =0F-- as a result of the deal, PSINet will also gain control over Metamor's e-commerce software affiliate, Xpedior (Nasdaq:XPDR). Metamor shares soared 108.30% (up 17 21/64) to 33 21/64 on the news. Xpedior shares also impressed, gaining 53.71% (up 7 11/16) to 22, while PSINet shares slipped 16.04% (down 7 15/16) to 41 9/16. The chip sector performed well today, once again on the heels of a gain from industry leader Intel Corp. (Nasdaq:INTC), which closed up 5 5/8 (+4.06%) to another all-time high of 144 1/16. Meanwhile, Micron Technology (NYSE:MU) shares rallied today, despite its announcement of lower than expected earnings yesterday, after numerous brokerage firms came to the company's defense today and offered positive comments. Micron shares surged 20 (+16.77%) to 139 1/4. Rambus (Nasdaq:RMBS) shares, which have fallen back in recent sessions, bounced back 31.43% (up 83 51/64) to 350 3/8 today after a Morgan Stanley Dean Witter analyst offered positive comments on the company and set a price target of $500 per share. Bio-tech stocks were again on the move today, this time to the upside. These stocks have been very volatile in recent weeks, so today's big gains must be viewed in the context of overall recent declines. Nonetheless, Protein Design Labs (Nasdaq:PDLI) gained 9 3/8 (+9.73%) to 105 11/16, Human Genome Sciences (Nasdaq:HGSI) rose 14.55% (up 13 25/64) to 105 7/16, Affymetrix (Nasdaq:AFFX) moved up 11 13/16 (+7.47%) to 169 7/8, and Medimmune (Nasdaq:MEDI) added 15 13/16 (+9.92%) to 175 3/16. Other big movers in the Internet and technology sectors include: << Vignette (Nasdaq:VIGN), jumping 16.32% (up 32 19/64) to 230 15/64 on news the e-business applications provider will join forces with Breakaway Solutions (Nasdaq:BWAY) to help companies build successful e-businesses. << Microstrategy (Nasdaq:MSTR), bouncing back 22.71% (up 16 27/64) to 88 47/64 after plummeting the first two days of this week after it announced it would re-state earnings for the last 2 years. << Wireless Facilities (Nasdaq:WFII), gaining 20.93% (up 19 29/32) to 115; Sciclone (Nasdaq:SCLN), jumping 52.61% (up 5 63/64) to 17 23/64; and Selectica (Nasdaq:SLTC), surging 58.09% (up 43 23/32) to 118 63/64. Leading Internet and tech stocks performed as follows: Company $ Change % Change Close Amazon (Nasdaq:AMZN) -1 11/16 -2.33% 70 11/16 America Online (NYSE:AOL) +4 1/8 +6.12% 71 1/2 Commerce One (Nasdaq:CMRC) -2 5/16 -1.11% 206 11/16 Cisco (Nasdaq:CSCO) +3 33/64 +2.50% 144 3/8 CMGI (Nasdaq:CMGI) +2 3/4 +2.22% 126 3/4 Dell (Nasdaq:DELL) +1/8 +0.22% 58 1/8 Ebay (Nasdaq:EBAY) +18 1/8 +8.45% 232 5/8 ExciteAtHome (Nasdaq:ATHM) +2 7/16 +8.61% 30 3/4 Exodus (Nasdaq:EXDS) +14 1/8 +9.10% 169 3/8 Intel (Nasdaq:INTC) +5 5/8 +4.06% 144 1/16 Juniper (Nasdaq:JNPR) +7 1/4 +2.80% 266 1/4 Lucent (NYSE:LU) -4 1/2 -6.72% 62 1/2 Microsoft (Nasdaq:MSFT) +1/2 +0.49% 103 1/4 Oracle (Nasdaq:ORCL) +3 3/8 +4.18% 84 1/16 Schwab (NYSE:SCH) +3 1/16 +5.63% 57 1/2 Sun Micro. (Nasdaq:SUNW) -2 1/2 -2.52% 96 3/4 Qualcomm (Nasdasq:QCOM) +1/4 +0.19% 134 7/8 Qwest (NYSE:Q) -2 -4.04% 47 1/2 Yahoo (Nasdaq:YHOO) +5 7/16 +2.84% 197 3/16 ************************************************************** TELL OTHER INVESTORS ABOUT SMARTPORTFOLIO.COM The SmartPortfolio.Com team has received hundreds of positive e- mails from our subscribers and, as a result, we are compiling a testimonial section on our Web site for everyone's benefit. If you are interested in having your testimonial appear, please e- mail your comments to Chris McLaughlin, President of SmartPortfolio.Com, at mailto:chrism@smartportfolio.com and please indicate your e-mail address, full name, location and the SmartPortfolio.Com products that you currently are subscribed to (e.g., Free Update, Smart!Splits Report, Smart!IPO Report Smart!LargeCap or Smart!Internet Report). While we will post your name and location, we will post your e-mail address only if you indicate to us that we may do so. *************************************************************** 3. Notable Earnings Announcements There were no notable earnings announcements today. For a calendar of recent and upcoming earnings announcements, please visit: http://www.smartportfolio.com/earnings.asp <A HREF=3D"http://www.smartportfolio.com/earnings.asp"<AOL users click here</A< 4. Notable Upgrades and Downgrades For full coverage of today's upgrades, downgrades and coverage initiations, please click on the appropriate links below: -- Upgrades - http://www.smartportfolio.com/upgrades.asp <A HREF=3D"http://www.smartportfolio.com/upgrades.asp"<AOL users click here</A< Quaker Oats (NYSE:OAT) was upgraded by Goldman Sachs to market outperform from market perform. Shares of the packaged food company lost 1 3/4 (-3.24%) to 52 1/4. Agency.com (Nasdaq:ACOM) was upgraded by Goldman Sachs to trading buy from market outperform. Shares of the Internet professional services firm shot up 16.85% (up 4 11/64) to 28 15/16. Gene Logic (Nasdaq:GLGC) was upgraded by ING Barings to strong buy from buy. Shares of the bio-tech company surged 55.97% (up 22 1/4) to 62. -- Downgrades - http://www.smartportfolio.com/downgrades.asp <A HREF=3D"http://www.smartportfolio.com/downgrades.asp"<AOL users click here</A< Merrill Lynch lowered its ratings on two jewelry retailers, Tiffany & Co. (NYSE:TIF) and Zale Corp. (NYSE:ZLC), to near-term accumulate from near-term buy. Tiffany shares fell 3 7/16 (- 4.56%) to 71 7/8 and Zale shares lost 3 3/4 (-7.51%) to 46 3/16. Travelers Property Casualty (NYSE:TAP) was downgraded by both ING Barings and Warburg Dillon Read to hold from strong buy. Travelers Property shares were unchanged at 40 15/16. -- Coverage Initiation: http://www.smartportfolio.com/initiated.asp <A HREF=3D"http://www.smartportfolio.com/initiated.asp"<AOL users click here</A< Morgan Stanley initiated coverage of a host of building materials companies, including Vulcan Materials Co. (NYSE:VMC), down 1 (-2.28%) to 42 15/16, Masco Corp. (NYSE:MAS), down 9/16 (-2.52%) to 21 3/4, and Martin Marietta Materials (NYSE:MLM), down 3/4 (-1.63%) to 45 1/4, with outperform ratings. Nike (NYSE:NKE) was started by Credit Suisse First Boston with a buy rating. Shares of the athletic shoe and apparel company gained 5/8 (+1.89%) to 33 3/4. JDS Uniphase (Nasdaq:JDSU) was initiated by W.R. Hambrecht with a rating. Shares of the fiber optics company rose 3 7/8 (+3.05%) to 130 7/8. Goldman Sachs started coverage of Elan Corp. PLC (NYSE:ELN) by placing the company on its Recommended List. Shares of the global pharmaceutical company edged up 5/16 (+0.73%) to 43 1/4. 5. Stock Splits To obtain the latest information on stock splits, please visit: http://www.smartportfolio.com/splits <A HREF=3D"http://www.smartportfolio.com/splits"<AOL users click here</A< This chart shows the companies that will split their shares during the next 4 business days. The "Pay" column shows the payable date. The "Ex" column refers to the ex-date, the date on which the stock begins to trade at its split-adjusted price. The ratio refers to the number of split shares stockholders will receive (a 2:1 ratio means that stockholders will receive one additional share for each share they already hold). Pay Ex Ann. Split Date Date Company Sym. Date Ratio Mar 21 Mar 22 Evercel EVRC Feb 25 2-1 Mar 22 Mar 23 Trintech Group TTPA Mar 10 2-1 Mar 22 Mar 23 Active Voice ACVC Jan 27 2-1 Mar 22 Mar 23 Cisco Systems CSCO Feb 08 2-1 Mar 22 Mar 23 EchoStar Communications DISH Feb 28 2-1 Mar 22 Mar 23 Puma Technology PUMA Feb 23 2-1 Mar 22 Mar 23 Network Appliance NTAP Feb 23 2-1 Mar 22 Mar 23 Sanmina Corporation SANM Jan 18 2-1 Mar 23 Mar 24 Applied Micro Circuits AMCC Mar 13 2-1 Mar 23 Mar 24 Breakaway Solutions BWAY Mar 06 2-1 Mar 23 Mar 24 Applied Micro AMCC Mar 13 2-1 Mar 24 Mar 27 Pinnacle Systems PCLE Feb 04 2-1 Mar 24 Mar 27 Hauppauge Digital HAUP Feb 10 2-1 Mar 24 Mar 27 London Pacific LDP Mar 13 4-1 Mar 24 Mar 27 Art Tech Grp ARTG Feb 29 2-1 Mar 24 Mar 27 JWGenesis Fincl JWG Feb 16 3-2 Mar 25 Mar 27 California Software CAWC Feb 23 2-1 6. IPO Commentary - http://www.smartportfolio.com/ipo <A HREF=3D"http://www.smartportfolio.com/ipo"<AOL users click here.</A< Despite the underlying strength in the tech sector today, only two companies made their public debut and with mixed results. The big winner on the day was telecommunications chip component maker inSilicon (Nasdaq:INSN), which surged 79.69%% to 21 9/16. This company was highlighted in last week's Smat!IPO Report as a likely winner. The other IPO on the day -- that of PartsBase.com (Nasdaq:PRTS), a provider of business-to-business (B2B) services in the airline industry =0F-- did not perform as well. The company's shares fell 12.50% to 11 3/8. Although PartsBase.com did not soar like some of its leading B2B predecessors, such as Comemrce One (Nasdaq:CMRC), Ariba (Nasdaq:ARBA), or VerticalNet (Nasdaq:VERT), this doed not necessarily signal a shift away from B2B stocks. Rather, it is due more to the recent flood of B2B IPOs. These IPOs should be judged on their individual merits -- promising ones could still fly. SmartPortfolio.Com will be watching. There are many more very promising IPOs expected to start trading later this week and next week. For more information on these and other upcoming IPOs, please visit http://www.smartportfolio.com/freetrial <A HREF=3D"http://www.smartportfolio.com/freetrial"<AOL users click here.</A< 7. IPOs Trading Wednesday inSilicon Corp. (Nasdaq:INSN) - Provider of communications semiconductor intellectual property, or SIP, that is used by semiconductor and systems companies to design complex semiconductors called systems-on-a-chip, or SOCs, that are critical components of digital devices. Price: 12 Open: 23 High: 25 1/2 Close: 21 9/16 Change: +9 9/16 (+79.69%) PartsBase.com Inc. (Nasdaq:PRTS) - An online provider of Internet business-to-business e-commerce services for the aviation industry. Price: 13 Open: 13 High: 13 13/16 Close: 11 3/8 Change: -1 5/8 (-12.50%) 8. IPO Calendar - http://www.smartportfolio.com/ipo <A HREF=3D"http://www.smartportfolio.com/ipo"<AOL users click here.</A< *Indicates an Internet related issue. *3/23 - Blaze Software Inc (NASDAQ:BLZE) - Provider of infrastructure software that enables companies to provide their customers, employees, partners and suppliers with adaptable and personalized interactions that are consistent across all company communication channels, or touchpoints. 3/23 - Breezecom Ltd (NASDAQQ:BRZE) - Developer and manufacturer of wireless access products used worldwide by service providers and private enterprises. 3/23 - Iteris Inc (NASDAQ:ITER) - Designs, develops, markets and implements software based solutions that improve the safety and efficiency of vehicle transportation. 3/23 - Sun Life Financial Services of Canada Inc (NYSE:SLC) - A diversified financial services firm with operations in Canada, the United States, the United Kingdom, India, Hong Kong, the Philippines, Indonesia, Japan, Bermuda and Chile. 3/23 - Port Financial Corp (NASDAQ:PORT) - Holding company for Cambridgeport Bank. 3/24 - eMachines Inc (NASDAQ:EEEE) - Provider of low-price branded personal computers. *3/24 - Eprise Corp (NASDAQ:EPRS) - Provides software products and services that enable businesses to manage the information contained on their Web sites. *3/24 - Etinuum Inc (NASDAQ:ETIN) - Provides an integrated set of strategic, technological, operational and analytical solutions for clients e-commerce and other direct-to-customer sales and marketing initiatives. *3/24 - Hanaro Telecom (NASDAQ:HANA) - Provider of high-speed Internet access, local telephony, multimedia and data services in Korea. 3/24 - ImageWare Systems Inc (AMEX:IWU) - Develops, sells and supports a suite of modular software products that is used by law enforcement and public safety agencies to manage criminal history records. 3/24 - Silicon Laboratories Inc (NASDAQ:SLAB) - Designer and developer of proprietary, analog-intensive, mixed-signal integrated circuits, or ICs, for the communications industry. 3/24 - Viasystems Group Inc (NYSE:VG) - A worldwide independent provider of electronics manufacturing services, or EMS. To find out more about which IPOs are expected to outperform, please go to: http://www.smartportfolio.com/freetrial <A HREF=3D"http://www.smartportfolio.com/freetrial"<AOL users click here.</A< ***********************Advertisement************************* TERAYON (Nasdaq:TERN) SOARS 11.80% TODAY! Haven't heard of this explosive broadband company? Subscribers to the Smart!Internet Report have - they read an in- depth analysis of this company back on October 13, 1999 when its shares closed at 42 5/8; today, they closed at 197 7/8, representing a 364% gain since that report! To find out about your next compelling investment opportunity, try a FREE 2-week trial subscription to the Smart!Internet Report by visiting: http://www.smartportfolio.com/freetrials <A HREF=3D"http://www.smartportfolio.com/freetrials"<AOL users click here</A< ************************************************************** *************************************************************** PLEASE GIVE US YOUR FEEDBACK If you have any additional information that you would like us to include in our newsletter, any additional functionality added to our website, or any other comments in general, please let us know by clicking on the following link: http://www.smartportfolio.com/feedback *************************************************************** *************************************************************** ADVERTISE IN OUR NEWSLETTER Want to target an attractive demographic representing wealthy, astute, Internet-inclined investors? Please send your advertising inquiries to: mailto:ads@smartportfolio.com *************************************************************** --- You are currently subscribed to update as: sshackl@ect.enron.com To unsubscribe send a blank email to=20 leave-update-25348W@smartportfolio.sparklist.com To change your e-mail address, please visit:=20 http://www.smartportfolio.com/changeIf you are a Smart!Report subscriber, t= o=20 make changes to your account please visit:=20 http://www.smartportfolio.com/service
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