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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (62951)6/13/1999 3:34:00 AM
From: beachbum  Read Replies (1) of 97611
 
el

warning season past for cpq too? with the slew of lawsuits from the last late bomb, the lesson must have been learned.......

from briefing.com:

>>Ugly combination of rising rates, disappointing earnings from CMGI (CMGI 89 3/4 -11 3/4), and server problems at eBay (EBAY 165 7/8 -16 13/16) conspired to short-circuit the tech sector in Friday's trading... With CPI data looming on Wednesday and Greenspan testimony set for Thursday, investor anxiety over inflation likely to keep sector/market under wraps for at least a few more days.

Sooner or later, however, market will begin to focus on earnings... And the earnings news is good... Tech sector escaped warnings season relatively unscathed as fewer than 20 companies warned... Software companies issued most warnings with 6... Given street looking for Q2 year/year earnings growth of 10%, lack of warnings suggests that techs positioned for a very good quarter... With so many stocks having pulled well off their 52-wk highs, earnings news likely to serve as a buying catalyst.<<

regards

ed

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