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Technology Stocks : Computer Associates
CA 25.11+0.1%Nov 26 4:00 PM EST
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To: Danny Chan who wrote (2651)7/22/1998 11:06:00 AM
From: Rob Rob  Read Replies (1) of 5232
 
Danny,

I think I understand what you were trying to convey but I have to disagree with your message. Next years adjusted earnings estimates are higher still than the previous years actual earnings. That constitutes growth.

Now, I will concede that the lowered estimates affect the year over year growth, but again a reduction of 6% "should not" equate to a 30% hair cut unless there is more to this story than we currently know. It should equate to a multiple contraction but one of this magnitude should raise a lot of eyebrows. It certainly raises mine.

Rob Rob
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