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Gold/Mining/Energy : Data Mirror (DMC on TSE) -- Ignore unavailable to you. Want to Upgrade?

To: gilderite who wrote (33)	9/12/1999 2:31:00 AM
From: Spiney	Respond to of 38

Saturday, September 11, 1999 Technology stocks can meet estimates It's too early to rush into software stocks, but 'storm clouds are lifting' Sonita Horvitch Financial Post While the consensus earnings growth estimates for the Toronto Stock Exchange 300 composite index for 1999 outstrip those for the technology sector, there is still greater conviction on the Street that the high-tech companies can deliver on their estimates, says Robert McWhirter, vice-president and portfolio manager at Royal Bank Investment Management Ltd. in Toronto. A technology specialist, Mr. McWhirter notes that the range between the high and low estimates for the TSE 300 is far wider than those for the tech stocks. "The positive earnings outlook for the TSE 300 is largely predicated on commodity price hikes and these are difficult to predict." Year to date the 16-stock TSE technology hardware subindex has handily outperformed the TSE 300, whereas the 10-stock software index has substantially underperformed the composite, says Mr. McWhirter. He believes it is still too early to be rushing into software stocks as a group. The software producers continue to experience lower sales to large companies, due to the preoccupation of these companies with Y2K concerns. "But the software storm clouds appear to be lifting as companies are expected to shift Y2K budgets to Internet, e-commerce and database analysis software early in 2000." The money manager uses both quantitative and traditional fundamental analysis to select stocks. His key discipline is to compare the relative earnings growth prospects of companies with their relative values. ----------------------------------------------- DMC showed no signs of Y2K problems...and increased sales as others remained stagnant. If this analyst is on target and companies do in fact increase spending in internet and e-comm DMC is positioned to benefit in a big way! Double digits by year end IMO. spiney haven't looked at LUMM yet...will soon.