June 23, 2000

Market Data as of Close, 6/22/00:

o Dow Jones Industrial Average: 10,344.30 down 153.44, -1.46%

o Nasdaq Composite Index: 3,957.19 down 106.82, -2.63%

o S&P 500: 1,448.86 down 30.27, -2.05%

o TSC Internet: 891.79 down 24.00, -2.62%

o Russell 2000: 519.09 down 8.52, -1.61%

o 30-Year Treasury: 103 29/32 unchanged , yield 5.981%

Companies in Today's Bulletin:

Microsoft (MSFT:Nasdaq)


Sprint (FON:NYSE)

Qualcomm (QCOM:Nasdaq)

WorldCom (WCOM:Nasdaq)

Mutual Funds: Janus Makes Big Bet on Telecom Sector

An April 30 snapshot shows the family of high-octane funds put money to work in Nokia, Texas Instruments and Enron.

Wrong! Tactics and Strategies: Keeping the Faith in Honeywell

The trader has made money here before and still likes this stock.

Telecom: WorldCom Says Wireless Is No Longer a Must, but Wall Street Wonders

The company's new stance suggests a drastic strategy change, but not everyone is buying it.

Internet: Now E-Tail Analysts Are Worrying About the Top Line, Too

Not long ago, investors' anxiety centered on profits, or the lack thereof. Now revenue growth is at issue, too. Microsoft Shows Off Its Vision of the Future

It's a really cool place, especially if you ignore that other reality taking shape back in Washington, D.C.

The TaskMaster: A Long-Term Headache

As the action in TI and Qualcomm/Nokia proves, it's rough sledding for long-term investors.

Stocks to Watch: Stocks to Watch Friday: Micron Technology, Nabisco Group, AT&T, Rambus

Bond Focus: Treasuries Shed Commodity-Related Losses as Stocks Sag

The latest buyback and false rumors about Greenspan failed to sway the bond market.


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