How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: taxman who wrote (30734)	10/18/1999 8:06:00 PM
From: Frank Ellis Morris	of 74651

Dell did make an earnings warning and tomorrow all the tech stocks may be getting slammed big time. The market reacts pretty sourly to any kind of bad news that could affect earnings, said Daniel Kunstler, an analyst at J.P. Morgan. In after-hours trading, the stock fell to 37 1/4. After Dell's meeting with analysts Oct. 7, the company said it learned that memory prices had increased as much as 25 percent over previous figures. "We are managing the memory situation carefully and are working to offset the cost increases with efficiencies in other parts of our business," said Thomas Meredith, Dell's chief financial officer, in a statement. Meredith said the Round Rock, Texas-based company is taking action to lower overall memory consumption. As a result, Dell said it considers the effects of the memory-cost issue to be a short-term matter, but one that could hurt operating margins in the third quarter. Frank

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