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Technology Stocks : CSC Computer Sciences Corp -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (119)	10/5/1999 4:50:00 PM
From: E_K_S	Read Replies (1) \| Respond to of 125

Excellent timing on your call ....I bought back my covered calls today and will write once again after a snap back to the $63-$65 range. It is interesting that CSC's purchase of Nichols is based on CSC's average stock price. With this 10% correction in CSC's price, they should save aprox. $40 million on their purchase of Nichols. I guess everybody wins. With Lehman's downgrade today, they stated that CSC may see a short fall in earnings in FY 2001. I do not think they realized that the Nichol's purchase will be additive to CSC's earnings begining in Q1 FY '00. I still like CSC long term, especially as we move into next year. EKS