LONGING THE DOW + FTSE = MASSIVE RALLY AHEAD-part 6(into the new year)

Dec 31, 2001 4:37 AM PT
Computer orders inch upward
Demand for computers and electronic products rose 2 percent in November over the previous month as companies seized on low interest rates to place orders, giving the battered technology sector a shot in the arm, economists said on Friday.
The tech sector has been bloodied by recession and a brutal downturn this year and a number of large tech companies have warned of a drawn-out capital spending crunch next year. Amid those concerns, the tech sector received a boost from the November durable goods report on Friday, economists said.

Overall orders for expensive manufactured goods fell 4.8 percent to $175.5 billion in November from October. By contrast, new orders for computers and electronic products rose 2 percent to $35.56 billion for the same period, the Commerce Department said.

November's rise in new orders for computers and electronic products followed an 8.9 percent gain in October from September and an 8.5 percent drop in September from August. --Reuters