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Technology Stocks : Computer Associates

CA 25.06

-0.2%

Nov 24 4:00 PM EST

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To: DEER HUNTER who wrote (2769)	7/29/1998 6:09:00 PM
From: Rob Rob	Read Replies (3) of 5232

deer hunter, This is unreal. We are down 45%. Now I bought this stock quite a while ago and I am still above water but not by much. I am really sorry I just didn't sell in the mid 50's once I knew about mgmt's stock option windfall. As soon as we approached the day those options could be exercised the stock began to stumble. This was followed by good news from the company that sales were doing fine. This is what convinced me to sit tight. I do not trade nor do I want too, but this one really has caught me by surprise. What really is lurking out there that has this market so spooked. I have a bad feeling about this. I have watched MUCHO dollars just evaporate into thin air in less than one week. What we know so far does not justify a 45% decline, especially in light of the revenues generated are not declining or disappearing just the rate of growth is slowing. This stock is acting like what I think the internet stocks will do soon and they have little to no revenues. CA was not a high flier by no stretch of the imagination. The PE relative to the market was moderate. Now we are below all projected growth rates going forward. What gives?????? Rob Rob

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