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Strategies & Market Trends : Sharck Soup
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To: Teri Garner who wrote (28420)6/18/2001 1:27:10 PM
From: AD  Read Replies (1) of 37746
 
NEW YORK (Reuters) - Salomon Smith Barney on Monday trimmed its 2001 and 2002 aggregate earnings estimate for the companies in the Standard & Poor's 500 Index to reflect what it described as the ``sheer collapse'' of the tech sector.

Salomon is forecasting ``technology sector earnings may plummet 45 percent year over year in 2001, versus (a Wall Street) consensus of more like a 35 percent fall,'' Levkovich said.

biz.yahoo.com
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