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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Lee Lichterman III who wrote (10532)	4/11/1999 1:40:00 AM
From: g_m10	Read Replies (1) of 99985

everyone knew that CPQ was having troubles and estimates were lowered ... Also MUEI missed ... and IBM just last week admitted they had been losig 1 Billion dollars trying to sell PCs. I agree with you, but the market already knows that. I was just trying to say that not to much downside left for CPQ. This should affect chip makers, PC based software, disk drive makers,etc. Many of them have already been trashed mercilessly. WDC is just one of them. iqc.com Again, market can always go down. CPQ warning might be used as an excuse for that. I was just trying to make the point that it is hardly a big surprise for the market. DELL just had an analyst meeting and even the smooth talking MD couldn't spur a rally in DELL which fell 3 days in a row. You can't blame the guy. With growth 35% and falling he keeps P/E=85 and rising.<ggg> On the serious note, my gut feeling is that this time around DELL will be hit the hardest. I still feel the most important question for Monday is will the money leaving the PC related stocks go into other sectors or go to cash for a later rally. I couldn't agree with you more. Again, JMHO.

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