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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Box-By-The-Riviera™ who wrote (47519)4/20/2000 9:13:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
other software stocks follow MSFT down:

thestreet.com

There were also disappointing reports during the day from Symantec, Citrix Systems, Informix, etc.



To: Box-By-The-Riviera™ who wrote (47519)4/20/2000 9:14:00 PM
From: Walt Deemer  Read Replies (2) | Respond to of 99985
 
Cramer on Microsoft:

-------------------------------------

Oh boy, we are selling our Microsoft.

The guidance is none too good. They are really taking analysts down. It is a major downbeat call. P.C. growth has slowed. The Street has to come down to 15% growth. This was a big miss and it will get bigger. The company is very cautious.

I have never heard this company talk down earnings before. The worst it's ever said is that it would keep its numbers the same. Analysts were told to take a nickel out of their numbers; that is the most expensive nickel in history.

Can't be optimistic about this one. Not at all. Analysts seem stunned. Terrible transition and terrible timing for Mister Softee, I am afraid.