SAN FRANCISCO -- Buy before and sell after. That appears to be one strategy investors are taking with companies presenting at the Goldman Sachs Technology Investment Symposium. Both Texas Instruments (TXN) - Get Report and Microsoft (MSFT) - Get Report have given back gains made this morning following appearances at the conference.
Texas Instruments was 11/16 higher at 87 5/8, but off its high of 91 1/4 made around 10:35 a.m. EST. TI began its presentation around 10 a.m. Microsoft gave a breakfast presentation and reached a high of 164 3/8 this morning, but recently was down 1 at 159. Both stocks have been bounced around by choppy market conditions as a whole and some of the slippage could be due to nervousness in the high-tech sector as well.
are flourishing following a well-received
presentation. Gateway is up 2 3/8 at 74.
Inktomi on Goldman Docket
Still to come at the conference this afternoon are
, which already has announced today that it had formed a strategic alliance with
to provide Internet content through BT hosting facilities. Inktomi message boards are touting the upcoming appearance at the conference on speculation that the company will provide details of a shopping engine.