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Strategies & Market Trends : MDA - Market Direction Analysis

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To: dclapp who wrote (29707)	10/15/1999 11:34:00 AM
From: flatsville	of 99985

OT?...dclapp-- As you may have noticed the market took Unisys out and shot it yesterday. I heard Bob Pisani on CNBC yesterday say something to the effect that traders were aghast at the punishment it received, but there was a lot of comment on the floor? to the effect that the company may have trouble into the first quarter due to y2k...that this y2k thing is a real problem...as though this was some sort of epiphany...(Good Gawd! Are they really this stupid?...Did I really just ask that question?) The more I think about this the more it unnerves me. They took a good growth company with real earnings out and shot it in what I think was an extreme overreaction given that they've mostly ignored first quarter y2k concerns until now.* Is this a clue??? I read most of the UIS earnings related spin-stories and didn't see any real guidance by the company re: Q1 or any mention of y2k. All day yesterday the CNBC talking heads kept mentioning UIS and y2k but I couldn't figure out where that was coming from until Pisani appeared after market close. So I guess they're starting to read between the lines??? What do you think? PM if you'd like so as to not clutter the thread. *Cripes! If they want to shoot a company over y2k, shoot freakin' Microsoft!

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