- internet.com's -
M A R K E T  C L O S E

By Paul Shread (mailto:pshread@internet.com)
http://www.isdex.com

http://www.internetstockreport.com/close/article/0,1785,1701_778081,00.html


___________________________ Sponsors ________________________________

This newsletter sponsored by: internet.com Careers Channel
_____________________________________________________________________

Stocks Rise On Greenspan Comments

/-------------------------------------------------------------------\

**JOB SECURITY -- CAREER GROWTH -- CHALLENGING POSITIONS**
The internet.com Careers Channel is powered by dice.com,
the leading online Information Technology (IT) job board.
Whether you need to start your new job today, are
searching for your dream job, or are just wondering what
your skills are worth, you'll find the tools you need to land
your next great job. Don't wait any longer!
http://www.internet.com/sections/careers.html

\--------------------------------------------------------------adv.-/

June 4, 2001 - Stocks rose Monday on comments from Federal Reserve
Chairman Alan Greenspan that inflation is under control, giving traders
hope for further rate cuts.

The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped fractionally to 257, and
the Nasdaq climbed 6 to 2155. The S&P 500 added 6 to 1267, and the Dow
rose 71 to 11,061, back above the important 11,000 level. But volume dried
up to its lowest level of the year: 976 million shares on the NYSE and 1.3
billion on the Nasdaq. Advancers led 19 to 10 on the NYSE, and 20 to 17 on
the Nasdaq. For earnings reports, visit our earnings calendar at
http://www.wsrn.com/apps/earnings/internet.xpl and reported earnings at
http://www.wsrn.com/apps/earnings/ireported.xpl. For after hours quotes
and news, visit our after hours trading site at
http://www.afterhourstrading.com.

After the bell, Comverse Technology (NASDAQ:CMVT) rose after beating
estimates by a penny with 43-cent earnings, and Xilinx (NASDAQ:XLNX) rose
after reaffirming estimates.

During the day, GoTo.com (NASDAQ:GOTO) did something that Net stocks
haven't done much of lately: the stock rose 2.57 to a new 52-week high of
26. The stock has led the ISDEX off its April 4 bottom.

Traders took Oracle's (NASDAQ:ORCL) announcement that it will report
earnings on June 18 as a good sign, because the company did not warn.
Oracle gained .24 to 16.10.

Semiconductor stocks were weak on a warning from Cypress Semiconductor
(NYSE:CY) and concern that Intel (NASDAQ:INTC) will warn when it holds its
first-ever mid-quarter update on Thursday. A downgrade to Broadcom
(NASDAQ:BRCM) also hurt chip stocks.

Juniper (NASDAQ:JNPR) rose 1.96 to 44.75 on optimism that it will announce
a new product this week. Some analysts are concerned that the next new
product introduction may not occur until the fall.

Check Point (NASDAQ:CHKP) plunged 5.32 to 49.85 on worries about pricing
pressure and increasing competition.

New issue Simplex Solutions (NASDAQ:SPLX) continued to rocket, up 11 to 39
in the wake of its conference call and a Robertson Stephens Buy rating.

RealNetworks (NASDAQ:RNWK) surged 1.43 to 12.43 on optimism that trouble
between Microsoft (NASDAQ:MSFT) and AOL (NYSE:AOL) could mean more
business for RealPlayer and less for Windows Media Player.

Cisco (NASDAQ:CSCO) rose 1.20 to 20.05 on comments that it is not in talks
to buy Marconi (NASDAQ:MONI).

Nortel (NYSE:NT) gained .59 to 14 after announcing it will reprice
employee options.

MyPoints.com (NASDAQ:MYPT) rose .95 to 2.55 on news that it will be bought
out by a UAL (NYSE:UAL) unit for $2.60 in cash.

Some technical comments on the market: Note: We include charts in the
technical market commentary. If you can't get the charts via the e-mail
newsletter version, try this link:
http://www.afterhourstrading.com/column.html

Another nice day today, but the very low volume still argues for more
downside. Today through Wednesday is a possible cycle turn window, so
whichever way stocks move on rising volume this week could dictate
near-term direction. 1200 on the S&P 500 and 2000 on the Nasdaq remain our
lines in the sand; above those levels, the market looks okay, and below
those levels, a retest of the lows becomes likely. The Dow (first chart)
took out both the important 11,000 level and its main downtrend line
today, but the low volume calls the breakout into question. Critical
support on the index is 10,750, a trendline off the March lows. The S&P
500 (second chart) cleared the important 1265 level, the neckline of a
potential inverted head-and-shoulders bottom, but again, the breakout came
on the lowest NYSE volume of the year. A move above 1275 would be a big
plus, and 1254-1265 is first support. The Nasdaq (third chart) is firmly
back above its September downtrend line, which is now around 2050-2080,
but the Nasdaq and Nasdaq 100 (fourth chart) could both be forming bearish
rising wedges (the blue lines), and the Nasdaq 100 is still below its
September downtrend line.




Special report: For a free introduction to technical chart patterns and an
overview of last year's action in the stock market, visit
http://www.internetstockreport.com/guest/article/0,1785,2571_500051,00.html.




Disclaimer: Neither internet.com nor the writers of this newsletter makes
specific trading recommendations or gives individualized market advice.
Information contained in this newsletter is provided as an information
service only.  internet.com recommends that you get personal advice from
an investment professional before buying or selling stocks or other
securities. The securities markets are highly speculative areas for
investments and only you can determine what level of risk is appropriate
for you. Also, users should be aware that internet.com, its employees and
affiliates may own securities that are the subject of reports, reviews or
analysis in this newsletter. Although internet.com obtains the information
reported herein from sources that it deems reliable, no warranty can be
given as to the accuracy or completeness of any of the information
provided or as to the results obtained by individuals using such
information. Each user shall be responsible for the risks of their own
investment activities and, in no event, shall internet.com or its
employees, agents or affiliates be liable for any direct, indirect,
actual, special or consequential damages resulting from the use of the
information provided.

internet-stock-report-text Is Powered By http://By.SparkLIST.com/
SparkLIST delivers high volume fast and reliable email
newsletter outsourcing which allows you to focus on your
core business. Contact us: mailto:free-quote@sparklist.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Advertising: If you are interested in advertising in our newsletters, call
Frank Fazio on 1-203-662-2997 or send email to mailto:ffazio@internet.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
For contact information on sales offices worldwide visit
http://www.internet.com/mediakit/salescontacts.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
For details on becoming a Commerce Partner, contact David Arganbright
on 1-203-662-2858 or mailto:commerce-licensing@internet.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
To learn about other free newsletters offered by internet.com or
to change your subscription visit http://e-newsletters.internet.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
internet.com's network of more than 150 Web sites are organized into 16
channels:
Internet Technology          http://internet.com/it
E-Commerce/Marketing         http://internet.com/marketing
Web Developer                http://internet.com/webdev
Windows Internet Technology  http://internet.com/win
Linux/Open Source            http://internet.com/linux
Internet Resources           http://internet.com/resources
ISP Resources                http://internet.com/isp
Internet Lists               http://internet.com/lists
Download                     http://internet.com/downloads
International                http://internet.com/international
Internet News                http://internet.com/news
Internet Investing           http://internet.com/stocks
ASP Resources                http://internet.com/asp
Wireless Internet            http://internet.com/wireless
Career Resources             http://internet.com/careers
EarthWeb		     http://www.earthweb.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
To find an answer - http://search.internet.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Looking for a job? Filling an opening? - http://jobs.internet.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
This newsletter is published by internet.com Corporation
http://internet.com - The Internet & IT Network
Copyright (c) 2001 INT Media Group, Incorporated. All rights reserved.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
For information on reprinting or linking to internet.com content:
http://internet.com/corporate/permissions.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
---
You are currently subscribed to internet-stock-report-text as: alewis@ect.enron.com
To unsubscribe send a blank email to leave-internet-stock-report-text-5597021I@list5.internet.com