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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (45)	7/4/2000 6:41:18 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 10065

Computer Services Unix, EDS, Perot, CSC and now CA. Anybody see a pattern here? Like the style of CA -- waiting until the wee hours the day before a holiday. Monday July 3, 11:54 pm Eastern Time Company Press Release SOURCE: Computer Associates International, Inc. Computer Associates Announces Preliminary First Quarter Results ISLANDIA, N.Y., July 3 /PRNewswire/ -- Computer Associates International, Inc. (NYSE: CA - news) today reported that it expects financial results for the first quarter ending June 30, 2000 to be less than current Wall Street estimates. CA expects total contract value to be in the range of $1.25 billion to $1.3 billion. This compares to the $1.22 billion recorded in the first quarter of last year. The quarter was affected by weak European sales and softness in its mainframe business. CA cited the fact that several large contracts that were expected to close in the final days of the quarter have been delayed. Commenting on today's announcement, Sanjay Kumar, CA's president and chief operating officer stated, ``Revenue wasn't as strong in the quarter as we had hoped. We intend to work aggressively to address the performance issues in our European business. With the recently completed Sterling Software acquisition and a refocused sales and service organization, we feel very well positioned to capitalize on further opportunities in the eBusiness marketplace.'' CA is scheduling a conference call with securities analysts for Wednesday morning July 5, 2000 at 8:30am EDT to discuss this announcement and is scheduled to report final results the evening of July 20, 2000. Computer Associates International, Inc., the world's leading business software company, delivers the end-to-end infrastructure to enable eBusiness through innovative technology, services and education. For more information, visit ca.com . Statements in this release concerning the Company's future prospects are ``forward-looking statements'' under the Private Securities Litigation Reform Act of 1995. There can be no assurances that future results will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include: the significant percentage of CA's quarterly sales consummated in the last few days of the quarter making financial predictions especially difficult and raising a substantial risk of variance in actual results; changes in industry accounting guidance; the risks of potential litigation arising from the year 2000 date change for computer programs; the emergence of new competitive initiatives resulting from rapid technological advances or changes in pricing in the market; the risks associated with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either CA or its competition; risks associated with the entry into new markets such as professional services; the risks associated with integrating newly acquired businesses and technologies; increasing dependency on large dollar licensing transactions; delays in product delivery; reliance on mainframe capacity growth; the ability to recruit and retain qualified personnel; business conditions in the client/server and mainframe software and hardware markets; uncertainty and volatility associated with Internet and eBusiness related activities; use of software patent rights to attempt to limit competition; fluctuations in foreign currency exchange rates and interest rates; the volatility of the international marketplace; and other risks described in filings with the Securities and Exchange Commission.

To: Justa Werkenstiff who wrote (45)	7/5/2000 9:03:39 AM
From: Wally Mastroly	Respond to of 10065

An'update' on the oil saga - stayed tuned for further developments/EDIT... Oil prices continue to head lower By Paul Solman Published: July 5 2000 11:38GMT \| Last Updated: July 5 2000 12:14GMT Oil prices fell further in London on Wednesday, as the market continued to react to this week's announcement by Saudi Arabia that it was prepared to put an extra 500,000 barrels a day on to the world market. Benchmark August Brent crude was $28.57 a barrel at 1100 GMT, down 101 cents from Tuesday's close. The price has lost $2.53 since the Saudis made their surprise announcement after the market shut on Monday night, but analysts and traders said there was still no sign of a sudden sell-off. "People have had the opportunity to get out of the market but they haven't taken it," one trader said. "I think they are still crunching demand numbers to see what an extra 500,000 barrels could mean." Market watchers are also focusing on the New York Mercantile Exchange which opens at 1230 GMT after a two-day hiatus for the US Independence Day celebrations. Nymex light crude futures fell in Asian-based trading on the exchange's electronic, out-of-hours system, though again the loss of around $1.50 was relatively subdued. Meanwhile, the United Arab Emirates, Kuwait and Algeria are likely to join Saudi Arabia in the output increase, according to news agencies, which quoted Opec sources on Wednesday. Unlike many of Opec's members who are producing oil at full capacity, the three countries are believed to be able to raise oil output. Iranian officials said on Wednesday that they believed the Opec output increase of 708,000 barrels a day, agreed in Vienna last month, would be enough to bring prices down from the $30 level of recent weeks. Iran's latest statement follows comments on Tuesday attacking Saudi Arabia for failing to consult Opec members before making its announcement. - Comment: Agree with some analysts that the affect of the Saudi pledge to increase supply will probably be felt more in the fall - on home heating oil prices. - This summary/excerpt from an USATODAY.com article provides a similar comment - with some rationale: Gas may cost less by August A surprise announcement by Saudi Arabia that it may soon boost oil production by 500,000 barrels a day could knock 10 cents or more off the pump price of gasoline in the United States by sometime in August, analysts say. But some oil market experts warn drivers not to get too excited yet. With U.S. refineries running flat out to make gasoline already, they may not be able to use the extra Saudi oil to make any more, which means prices might stay right where they are. Top-grade crude oil has been trading at more than $32 a barrel recently, unbudged by OPEC's June 21 decision to boost production by 708,000 barrels a day.