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Strategies & Market Trends : Tech Stock Options

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To: Thom who wrote (227)	3/6/1996 11:59:00 AM
From: Kevin	of 58727

Hi Thom. SYMC will report 4/23/96. source: ZACKS You're right, they have taken a beating lately. It seems their utility software sales depends alot on sales of others software--Windows 95. When Windows 95 came out, retailers were buying alot of Symantec's utility programs figuring that these would sell with Microsofts new software. Well, Win95 sales fell quite a bit short of expectations and retailers sent back alot of Symantec's software because of this. SYMC said in Jan that this problem would hurt them for the next 2 quarters (meaning last quarter & the report in April). Because of this, earnings estimates were cut from .31 EPS for the upcoming quarter, to .17 EPS. So I guess you have 2 things to hope for: an upside surprise in earnings (which is obvious) and a strong report from MSFT on 4/11. If MSFT shows strength in their report, it may help SYMC alot.

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