Word: chips
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Wall Street has a zillion ways to deal you out. You never got a chance at the Netscape IPO? Of course not: hot stock offerings are reserved for big-bucks investors. Couldn't make sense of Intel's latest gibberish on chip demand next quarter? Sure you couldn't: important details get explained in exclusive conference calls. No matter how small investors try to level the field, it always ends up tilted. Get ready for another uphill climb. In the coming weeks, companies will begin reporting second-quarter results, and some stocks will react in ways that defy logic...
...playing field was leveled--for about a minute. Along came the whisper number, and now "the official Wall Street estimates aren't worth the paper and ink used to produce them," asserts Chip Morris, manager of the T. Rowe Price Science and Technology fund. The official estimates are systematically understated. The number that matters is the one analysts call in to their best clients as the earnings date draws near. Last April, Intel reported a doubling in earnings and beat the printed estimates by 6%. The stock fell because the whisper number was higher. Stinks, doesn...
Pope puts it this way: "I've been in a lot of communities in my lifetime. I was near a community in Oklahoma one time that had the champion cow-chip-throwing contest. And there's a little community not far from us over here that has lizard races. What it all comes down to is having something to create an interest in your community. And we have something to create interest, and that creates an inflow of people, and that creates dollars, and that's what we're all about." He hands a visitor a lapel pin emblazoned with...
Comcast needs a bigger pipeline than conventional cable--called broadband in the industry--to handle that load, and Microsoft can help finance it. "By developing a broadband pipe, connecting it to a state-of-the-art chip and supplying the latest version of software, we will enhance both TV and the PC," says Roberts. To follow its own growth trajectory, Microsoft needs broadband to transmit its multimedia cornucopia of online news, entertainment and shopping. MS money now allows Comcast to accelerate construction of fiber-optic cable to expand high-speed Internet access, develop programs with Microsoft and reduce its debt...
...younger want S, L, V--the real reasons are that the networks want Congress to owe them something. All this could make for one big happy TV press conference, except that nbc, the No. 1 rated network, is concerned about how S, L, V will work with the V chip, and that the ratings might prompt more boycott campaigns. Others say nbc is nervous about parents getting a heads up to the sexy language in such top shows as Seinfeld and Friends...