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The big news for the financial world was Fed Chairman Alan Greenspanis testimony to the House Financial Services Committee in the Testimony Formerly Known As Humphrey-Hawkins. The markets have gone up and down on a roller coaster ride as popular opinion swayed first one way, and then the other on whether or not the Fed…

Then the backwash hit as the logic loop danced back around to the idea that the economy wasnit responding well to the Fedis most recent actions to stimulate the economy. Throughout it all, there was continued talk about the news that Fed Chairman Alan Greenspan was changing his testimony in advance of tomorrowis Humphrey-Hawkinsi testimony…

It seemed like only yesterday when SyQuest was the king of removable media. In those days graphic artists and other people who worked with large files relied on their SyQuest 44 MB or 88 MB cartridges to move their files between their studios and printer shop. It was a love & hate relationship with SyQuestis…

That rally was sparked in part by news that Fed Chairman Alan Greenspan would be changing his testimony to the House of Representatives later this week. That testimony, which used to be called the Humphrey-Hawkins testimony and is now known as the "testimony which used to be called the Humphrey-Hawkins testimony" usually mirrors the testimony…

Sun Microsytems issued lowered guidance for the current quarter in an after hours conference call. After hours trading was halted. The company said that growth will come in between 10-13%, while the Street had been expecting 3rd quarter growth to come in at 30%. Look for this to have a negative impact on hardware stocks,…

The Dow actually traded on the plus side for most of the morning, then dabbled back and forth in midday trading, only to start a 68 point slide that ended only when the dayis session closed. Tech stocks were hit the hardest today and the Nasdaq spent the entire day in negative territory. At one…

After the bell, Dell posted earnings of 18 cents a share that were a penny short of Street estimates, but within the 18 cent to 19 cent range offered by the company in recent guidance. The company also announced they would be cutting some 1,700 jobs. HP, on the other hand, met lowered expectations in…

Appleis strong cash position was also cited. Mr. Lemonides said that Apple currently had some US$15 per share in hard assets, including the US$4 billion in cash on hand. This means that if the company was shut down in order to sell itis physical properties, the sale would result in some US$15 per share to…

The effect on todayis overall trading was dubbed The Cisco Effect and most technology stocks closed in negative territory. Bargain hunters helped pick many stocks off their lows in late afternoon trading. Of the stocks we track in the Apple Stock Watch, only IBM and Microsoft traded higher. Microsoftis stock benefitted from speculation that the…

Also impacting computer hardware stocks was Sun Microsystems. Sun announced a new initiative called OpenNet that is designed to compete with Microsoftis .Net. Note the thinly veiled attack on Microsoftis proprietary approach. Sunis CEO Scott McNealy has a long running nasty relationship with Microsoft and its founder Bill Gates, and Steve Ballmer. The two companies…

Microsoft announced it would no longer be offering its trademarked US$400 rebate offers for signing up for MSN when purchasing a new computer. That immediately set off rumors of a buyout of Earthlink by MSN and ELNK became the only stock we track that closed higher. More information below. Apple has been slowly losing ground…

All of the execs in attendance talked about the companyis efforts to reduce their inventory, control their, and ship the companyis new products now. Demand for the companyis new PowerBook G4 (which has begun shipping) and PowerMac G4 lines has been strong, and the company is on track to begin shipping the new high end…

Part I of our analysis involves Appleis effort at delivering the message. Most of the meeting was spent giving the same presentation we saw in the keynote at MACWORLD San Francisco, though in a much more informal manner. The biggest difference in the two events was that Steve Jobsi was plagued by hardware difficulties with…

"The expectation is that the worst could very well be over and that results from here continue to go higher," said George Godfrey, an analyst at ING Barings, who rates the shares "buy." Not much happening on the Apple front other than rumors of an update to Mac OS X Server expected in the spring.…

Analysts had warned that without a version of Office, or a similar productivity suite, running natively under Mac OS X, Apple would face problems getting businesses to switch to the new operating system. "This is a very significant announcement for Apple," Gartner analyst Chris LeTocq said. "Frankly, this is the endorsement they needed." Until Wednesdayis…

The Nasdaq owes todayis continued downtrend to investors dumping beaten down stocks in order to shave some taxes off their big capital gains made last spring. By the end of 2001 tech stocks should be partly recovered from the current bear market. However, there is at least another quarter of pain left for technology businesses…

Not much can be drawn from this weekis market performance. Institutional and private investors alike are rushing to square their portfolios for the year, emphasizing trends that may not hold in the new year. Appleis stock traded flat at 14 13/16 on volume of 5.4 million shares. With no sign of a pre-MacWorld bounce and…

On the bright side, in years of strong tax loss selling —such as 1994 — a true "January effect" often kicks in, powered by institutions plowing recently withdrawn capital back into beaten down stocks. Williams Co. (WMB), an energy trading company involved in the emerging bandwidth market, announced earnings well above Wall Streetis expectations. In…

Triple witching option expirations and index changes in the Nasdaq 100 added volume and volatility noise to the market signal on Friday, but the message came through loud and clear: The stock markets are bracing for slower growth across the board in 2001 and tax loss selling as this year comes to an end. Next…

Every day more tech firms warn that theyill miss earnings due to unexpected slow downs in demand. The latest is Micron Electronics, (MUEI) which complained lousy holiday sales will push its forecast of $0.11 per share down to between $0.01 and $0.04 per share. How many ways are there to say new 52-week low? Micron…

Gatewayis stock price was slashed by 10.50 or -35% to 19 dollars in a scene eerily reminiscent of the "speed bump" warning delivered September 28 by Appleis Steve Jobs and Fred Anderson, which precipitated AAPLis fall from grace on Wall Street. Gateway warned it expects 4th quarter operating income of $0.37 per share, way below…

The GNP grew at a modest 2.4% annual rate in the third quarter, slightly lower than the 2.7% rate forecast by economists and much slower than the 5.6% annual rate reported for the second quarter. The Commerce Departmentis price index for personal consumption rose only slightly indicating that inflation remains in check. PC stocks continued…