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To: JSB who wrote (7946)	6/24/1999 3:59:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Not another one with dark roots - it's been done before.

To: JSB who wrote (7946)	6/24/1999 4:12:00 PM
From: Dale Baker	Read Replies (3) \| Respond to of 118717

I'm not watching KEA closely but if anyone sees it trade under $20, please post so I can pick some up. 12:40 ET ****** Keane (KEA) 23 5/8 -3 1/8: Leading IT consulting firm taking a hit today on news that Legg Mason cut its FY99 and FY00 earnings estimates from $1.65 and $1.75 to $1.56 and $1.66... Despite trimming its estimates, Legg maintained its outperform rating... The Zack's consensus estimates are for gains of $1.65 and $1.86, respectively... In other words, Legg's action suggests that there is room for additional earnings downgrades in the future... Or worse, an earnings warning from the company... Should be noted that the company guided FY99 estimates lower back in April... At that time, KEA expected earnings of between $1.68 and $1.75, down from $1.82... At first sign of earnings trouble, the natural reaction by many investors is to head for the hills... And while the stock may remain on the defensive over the next few weeks (until it reports Q2 earnings in mid-July), Briefing.com notes that there have been a number of very encouraging long-term developments in recent weeks... For one, company's board approved of the repurchase of up to 1 mln shares over the next 12-months, noting that it thinks stock is significantly undervalued... The buy back plan wasn't the only sign that management thinks its stock is cheap... Two of the company's top executives, John Jr. & Brian Keane, each acquired big chunks of the stock... It was the first material insider buying activity since November of 1997, the last time the stock was so cheap... KEA subsequently soared in price... Management has also been very busy building up the company's non-Y2K business... KEA has made numerous acquisitions including Jamison/Gold, Internet Solutions and Amherst Consulting and has recently forged an alliance with Sterling Commerce (SE) to help businesses navigate the e-commerce course... So while an uncertain earnings outlook could continue to plague the stock over the short-term, Briefing.com contends that KEA is well positioned to outperform the market over the long-term given deeply discounted valuations, solid l/t earnings growth prospects and quality management team... KEA is a Briefing.com "Core" candidate. - RW