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Technology Stocks : Computer Associates

CA 24.99

-0.5%

Dec 1 4:00 PM EST

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To: Wigglesworth who wrote (3559)	9/1/1999 2:23:00 PM
From: DEER HUNTER	Read Replies (1) of 5232

Wiggle....I agree. If an investor has an independent bent he/she will have computed his own price target. I was suckered into selling a third of my original position in the mid 47's. So... now... even though I have my own price targets I do not plan on selling anything for the foreseeable future. The trend is now firmly higher.... so I'm strapped in for a few years probably. I hope. Good luck. I'm sure you have seen todays news but I'll post anyway.... Wednesday September 1, 10:17 am Eastern Time RESEARCH ALERT - CA price target raised NEW YORK, Sept 1 (Reuters) - Donaldson, Lufkin and Jenrette analyst Joe Farley said Wednesday he raised his 12-month price target for Computer Associates to $65 from $60. -- ''CA is executing well in market now, tracking at minimum at plan and perhaps ahead of plan,'' he said. -- ''The issues pressing on the company and on the industry appear to be drifting into the horizon. Y2K (Year 2000 computer fixes on the part of clients) which has been background noise is becoming less of an issue for customers. There is a sense budgets are being freed up.'' -- ''Readying for e-business is becoming more of an issue for customers, Computer Associates provides the backend to what many e-business activities.'' -- ''CA is in a good position because of its Platimun acquisition. We have been surprised at the customers' reaction to the Platimun properties.'' -- ''We have been surprised at the extent to which CA was able to retain people who the company hoped to retain (at Platinum.) CA's acquisitions tend to result in a fair amount of human fallout. It is the nature of how they do things, but in the Platinum case, they appear to have met and in some cases exceeded retention expectations.'' -- ''The debt load is not onerous, it is more than offset by the revenues to be generated from the acquired properties.'' -- Shares off 1/4 at 56-1/4 in morning trading on the New York Stock Exchange. -- sh

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