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Technology Stocks : EDS(GME) Stock
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To: Mike 2.0 who wrote (6)10/23/1996 1:50:00 PM
From: Dave O.   of 60
 
Mike,

Street was expecting 0.55 from EDS. They came in right on target. In fact, CFO made an announcement about 2 weeks ago that they expected to meet estimates. Sell off is due to the anticipation of a weaker 4th quarter than last year which was the best in the company's history. I think the stock was a bit extended when it got into the low 60's. It's trading around 48 now. I think at this price it's oversold. A lot of panic selling IMO. If we see lots of volatility in the near term it may be a good trading stock. Longer term it should do well as outsourcing continues to be a growing market.

Dave
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