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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: TWICK who wrote (32517)4/10/1999 4:42:00 PM
From: Tradelite  Read Replies (1) of 120523
 
TWICK:
You said:
I'm surprised no one here is commenting on CPQ's warnings and how it will affect the markets this week and going forward. Are there no concerns of a possible signal that we've hit the top and we may be finally looking at a 10 to 15% correction ? DELL is going to try to meet lowered earnings estimates. Who knows what other big PC, PC related and chip companies have to warn us about in the coming week(s) ?
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You can, of course, find plenty of commentary on the CPQ and Dell threads. All computer stocks probably will get hammered. In my opinion, CPQ's bad earnings were actually built into the low $30 price tag at the time of the earnings warning, which is why the stock had plunged from the 40's before that. However, the street will hammer CPQ and all other computer makers on Monday--we can bet on it. I don't "think" Intel will have any negative news, or it wouldn't be getting ready to split its stock next week, but probably will get pounded just like its relatives in the industry. The most interesting comments I've seen are speculation about whether more money will flow into or out of internet-related stock such as AOL as a result of all this.
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