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Technology Stocks : Clarify - upside to EPS

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To: Optimist who wrote (1006)3/31/1999 2:26:00 PM
From: Trader Dave  Read Replies (1) of 1062
 
The question really is, why the selling pressure in the last few weeks?

answer:

1) CATP blow up.

2) Some trading based shorting.

3) Rumors that domestic revenue growth was an issue. (This was raised as a concern by an analyst named Alex Kotlyar over the last several quarters. Primarily as an excuse for the fact that he has completely missed the rebound in the stock.)

My sense is that business momentum remains strong, domestically and internationally.

TD
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