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Technology Stocks : EDS - Recent pullback a buy opportunity??? -- Ignore unavailable to you. Want to Upgrade?

To: bcroyle who wrote (1578)	6/9/2000 1:53:00 AM
From: Daniel G. DeBusschere	Read Replies (1) \| Respond to of 1841

A strange release from Steve- <<E-business and technology services company EDS (NYSE: EDS) sank $5 3/8 to $57 13/16 after Merrill Lynch analyst Stephen McClellan reduced his fiscal 2001 EPS estimate to $2.70 from $2.80, citing slower-than-expected revenues. McClellan also cut his 12-month price target on the stock to $81 per share from $90 per share.>> *************************** This does not wash with the reported record sales and backlog. Not sure what Steve was "expecting". Also, not sure if he was given guidance by EDS management on this. Will find out and report here. Richard Brown has set some very specific performance parameters and so far every word and report has been on this target. I wonder if Steve is softening up the price for some large institutional buyers to get a better deal. The volume line on today's trade was flat all day except at the open (i.e. $58) so it does not look like big institutional selling. Very strange.