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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (77070)3/8/2001 1:50:59 PM
From: B.REVERE  Read Replies (1) of 436258
 
LOL, Moore's mastered moore's law, how to talk out of three
sides of your mouth at once. a clown for the ages:

"Moore also outlined for investors three possible scenarios for software stocks this year. In the most optimistic case, IT spending will snap back shortly and software stocks return to their traditionally high valuations. The stocks then would soar on average more than 85%, Moore calculates.

In the bearish case, continued weak IT spending prompts analysts to reduce estimates by 15% to 30% and stock multiples continue to compress. Battered software stocks would then drop by an additional 36% on average, Moore
estimates.

However, the most likely scenario, Moore said, would be a modest pickup in IT spending from February's levels with analysts' estimates being slightly reduced. This would allow software stocks to rally an average of 35%"
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