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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/11/2001 12:27:59 PM
From: James C. Mc Gowan	of 37746

re: Worse than we expected category Today EMC warned that business conditions had deteriorated further than the most recent guidance had indicated. siliconinvestor.com "...also reduced their expectations for the full year today." "Early in the year, company executives said they expected revenue to grow 35 percent for the year to $12Billion. IN FEBRUARY, the company conceded growth could be as low as 25 percent, but TODAY'S estimate takes that number down EVEN FURTHER." (caps for emphasis, mine) This type of decline in guidance, coming just as Big Tech earnings are rolled out, will set the tone for the market going forward, IMHO. I expect we will see a retest of the lows on all major indexes, by the time this earnings season is done. James

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