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Technology Stocks : Data Dimensions
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To: Bob Trocchi who wrote (3463)11/3/1997 10:45:00 PM
From: Craig Richards   of 4571
 
A couple of interesting items from that MSN article. After it describes the incredible bargain that DDIM is, the article states:
If you want to go against the herd and find the undiscovered Y2K plays, you'll likely have to put your faith in projected earnings gains versus historical performance.

I guess that since DDIM has such strong stock price appreciation, there's no need to put your faith in the projected earnings, they must be a sure thing! This sounds like typical Wall Street broker recommendation logic.

Also, did you notice that earlier in the article, it stated:
New Hampshire-based Technology Business Research Inc. predicts that PC vendors will encounter losses of $3.6 billion in 1997, $11.8 billion in 1998, and $25.3 billion in 1999 as money is diverted from hardware purchases to software fixes.

Losses of $3.6 billion this year?! I think this prediction already looks pretty unlikely. Doesn't give me a lot of confidence in the other doomsday predictions either.

investor.msn.com
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