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Technology Stocks : EDS - Recent pullback a buy opportunity???
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To: Daniel Liberty who wrote (1208)11/2/1998 5:27:00 PM
From: Dave O.  Read Replies (1) of 1841
 
Dan,

< It appears that the street thought the report was better that it was so the stock rose and pulled back >

Traders ran it up to 44 after the close last Thursday when they thought the numbers were much better than they were. Once the 0.09 gain was understood the net was 0.35 beating estimates by a penny. The one bright spot I saw was that non-GM numbers looked decent. There's still a lot to overcome with GM representing over 25% of the business.

Dave
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