PTC Message Board - Msg: 11857991

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Technology Stocks : PTC

PTC 172.20

+1.0%

Nov 21 9:30 AM EST

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To: BMcV who wrote (2796)	11/9/1999 2:25:00 PM
From: Box-By-The-Riviera™	Read Replies (1) of 3646

BAD news!!! and it explains the stealth selling I keep seeing in the last seven days.... Tuesday November 9, 2:04 pm Eastern Time RESEARCH ALERT- Parametric target lowered NEW YORK, Nov 9 (Reuters) - Credit Suisse First Boston said Tuesday it lowered its fiscal 2000 earnings estimate on Parametric Technology Corp. and set a price target that is below the mark that the company's stock now trades. --Credit Suisse now expects Parametric, a software maker, to report year 2000 earnings of $0.87 a share compared with a previous estimate of $0.92. The firm set an estimate of $1.05 per share for fiscal 2001. --Credit Suisse has a price target of $18 on Parametric shares. The firm noted it would only buy shares if the price pulled back to below the $18 mark. --Parametric shares were down 3/16 to 19-7/8, off a 52-week high of 22-1/4 but up from a low of 11-11/16.

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