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Technology Stocks : BMC Software

BMCS 0.00820

+57.7%

Nov 13 9:42 AM EST

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To: QuietWon who wrote (931)	7/30/1999 1:04:00 PM
From: General Crude	Read Replies (3) of 1492

NEW YORK, July 30 (Reuters) - Morgan Stanley and CS First Boston said they raised their price targets and earnings estimates on BMC Software Inc. <BMCS.O>, citing the company's strong fiscal first quarter earnings report. -- Morgan Stanley said it increased its price target on BMC to $64 from $49, and boosted its earnings estimates to $1.99 a share from $1.95 a share for 1999 and to $2.55 a share from $2.50 a share for 2000. -- Morgan Stanley said BMC posted "good quarterly results that represent progress for the company's goal of landing permanently among top-tier systems-management companies." -- CS First Boston said it raised its price target to $80 a share from $72 a share. -- CS First Boston also said it raised its year 2000 earnings estimate to $1.97 from $1.94 and raised its 2001 estimate to $2.50 a share from $2.42 a share. -- CS First Boston said it reiterated a buy rating on the stock.

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