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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: codawg who wrote (29426)	9/14/1999 1:34:00 AM
From: Exacctnt	Read Replies (1) \| Respond to of 74651

Codawg, <<I'm sure your familiar with how different EMC's business is from Microsoft's.>> Yes, storage business isn't affected like the boxes and software. That's why I mentioned SLR and their earnings. As you know, early hype about Y2K slowdown was supposedly going to affect pc purchases in the third and fourth quarter. SLR's beating earnings estimates indicates that demand is still in the market place. I hadn't heard whether or not they had a conference call with a warning for the remaining calendar year. Oracle's earnings tomorrow and the associated conference call should provide a clue as to whether software sales will slow down in the remaining months of this year. Oracle's stock price has run up in the past week on anticipation that business is good. On the other hand, Oracle has been known to shoot themselves in the foot from time to time. Regards

To: codawg who wrote (29426)	9/14/1999 2:33:00 AM
From: RTev	Read Replies (2) \| Respond to of 74651

If Fortune 500 companies haven't frozen their systems yet, then why bother. If they have, I think we'd be seeing a slew of negative pre-announcements from the tech companies that sell to them I agree that Y2K stories have become largely hype which is, by its nature, overblown. But is it a complex issue. Two years ago, there was genuine reason to worry since too little had been done. But the level of testing in the US seems to be impressive. I expect that the biggest problem on January 1, will be the traffic jams caused by TV microwave trucks rushing to the scene of the few places where something untoward actually does occur. There are some signs that a slowdown caused by Y2K lockdowns is happening. Here's a wide-ranging look at the market from Fred Hickey, a bearish analyst, but he pulls out some interesting data about the PC market. (Start with the section "A Puzzling Development" if you'd rather skip his 1929 comparisons.) siliconinvestor.com Some highlights (or lowlights): Ingram's Q3 business is very weak. ... The number two distributor in the world, Tech Data, saw its stock crater 20% yesterday due to concerns of lower margins and price wars. Price wars do not usually occur when demand is booming. ... The third largest distributor in the world, CHS Electronics also held a conference call last month. The second quarter numbers were shockingly bad.