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Technology Stocks : Apple Inc.

AAPL 273.23

+0.1%

2:10 PM EST

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To: WebDrone who wrote (24858)	5/18/1999 12:17:00 AM
From: HerbVic	Read Replies (1) of 213177

Hey I just report 'em. I agree with your assessment of the tape, but with a strong sector showing... (?) The drop was due to this May 11 downgrade: -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- NEW YORK (CBS.MW) -- Shares of NeoMagic spiraled 13 percent lower Tuesday after a Wall Street analyst sliced the company's rating saying that production constraints and competitive issues could pressure the company's near-term earnings. Morgan Stanley Dean Witter analyst Mark Edelstone lowered the NeoMagic's (NMGC: news, msgs) rating to "neutral" from "outperform, and cut fiscal 2000 earnings estimates to $1.25 per share from $1.45. The Santa Clara, Calif.-based company designs multimedia accelerators for notebook personal computers. It currently has more than a 50 percent share of the notebook PC graphics controller market, Edelstone said. -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- It reports on Thursday. The referenced posts linked the reported earnings of HWP, AMAT and DELL as possibly raising expectations. With a positive market in the wake of the interest rate scare, IT COULD HAPPEN. CPQ made it to 27 on the 11th. Anything is possible! OK I wont buy it. HerbVic

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