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Technology Stocks : Computer Associates
CA 25.11+0.1%Nov 26 4:00 PM EST
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To: Rob Rob who wrote (2649)7/22/1998 10:56:00 AM
From: Danny Chan  Read Replies (1) of 5232
 
My friend, that's what it is called tech stock. Tech stocks are traded based on their ability to grow, not ability to earn. 6% cut in earning estimate is translating to 30% or more cut in near-term growth. It will come back. But it may gets even lower given the fact that the whole market might be heading for a correction.
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