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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: Chuzzlewit who wrote (73246)	10/20/1998 8:08:00 PM
From: jhg_in_kc	Read Replies (3) of 176387

I wish the IBM CFO hadn't said the following: In a conference call with Wall Street analysts following the earnings report, Chief Financial Officer Doug Maine warned not to expect additional growth in technology spending in the rest of 1998 and through 1999. ''What we are saying to do is don't raise your estimates,'' Maine instructed analysts, referring to the earnings projections that brokers calculate, which in turn tend to set the pace for valuation of a company's stock. Maine said world economic issues and falling semiconductor prices had created an uncertain economic environment. ''Given the uncertainties, we just don't think it would be prudent to take... estimates up,'' he said. Maine declined to comment specifically on earnings forecasts, noting only that Wall Street was already looking for 15 percent to 16 percent growth in earnings through 1999. Then again he is saying there is this 15 per cent growth already in place. Probably wishes he'd kept his mouth shut. Any thoughts? jhg

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