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Technology Stocks : TLAB info?
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To: JM who wrote (1108)9/10/1997 1:41:00 AM
From: Tim Bagwell   of 7342
 
<<IMO 10% is an over reaction for not beating estimates. If they fall short, then more of a drop will likely be in order.>>

The way I read the report it sounds as if they could fall short of estimates. They sure left plenty of room for interpretation. I think Craig could be right and we just got reset to the price levels before the summer surge.

I wonder if the market is starting to react to reduced expectations for corporate earnings for the second half of 1997. If this is the case then we may not see 65 again anytime soon.
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