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Technology Stocks : Computer Associates

CA 25.06

+0.1%

Nov 17 4:00 PM EST

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To: Wallace Rivers who wrote (4625)	7/5/2000 11:03:50 AM
From: Box-By-The-Riviera™	Read Replies (1) of 5232

NEW YORK, July 5 (Reuters) - The president of leading business software maker Computer Associates <CA.N> told analysts Wednesday the company expects to earn 11 cents to 16 cents, excluding gains, charges and amortization, in its fiscal first quarter, far below Wall Street estimates of 55 cents a share. On Tuesday, the company warned earnings would be below Wall Street expectations due to weak European sales and softness in its mainframe business. It said fiscal first quarter revenue would be between $1.25 billion to $1.3 billion, below the $1.6 billion many analysts had expected. President and Chief Operation Officer Sanjay Kumar told analysts in a conference call that with the items and excluding the amortization charge, the company expects earnings per share for the fiscal quarter ended June 30 will in the range of 26 cents to 31 cents a share. Kumar also said the Islandia, N.Y.-based company lowered its preliminary revenue growth target for the fiscal second quarter to 20 percent from 25 percent.

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