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Technology Stocks : Computer Associates -- Ignore unavailable to you. Want to Upgrade?

To: investornutscom who wrote (4662)	7/7/2000 4:57:11 AM
From: DEER HUNTER	Respond to of 5232

sure.... 35 ...38 gap filling type of move. I've followed CA for over 10 years and this current situation is different than some of the past meltdowns and will take much time to repair IMO. I've stated before that the circumstances surrounding this warning really really stunk. Take it from me....I've been smellin em all. Joel been here forever as well. John has always been wary of any purchases over 40 or so. It's a good time to start nibling for sure... dh

To: investornutscom who wrote (4662)	7/7/2000 9:40:59 PM
From: DEER HUNTER	Respond to of 5232

why investors dumped it as hard as they did u ask? cbs.marketwatch.com NEW YORK -- Shares of leading software companies Computer Associates and BMC Software plummeted after the companies issued quarterly earnings warnings. Weakness in the mainframe software business, traditionally a lucrative sector, has tapered off, said BMC (BMCS: news, msgs). For its part, Computer Associates (CA: news, msgs) said its mainframe business and European revenue weren't as strong as the company had hoped. The announcement took Wall Street by surprise since the revenue problems went unmentioned at Computer Associates’ upbeat meeting with analysts in mid-June. The warnings, and selling, culminated at the end of the week with another big, red flag. This one came from sector heavyweight Compuware (CPWR: news, msgs), which issued its second-straight quarterly warning that its earnings results would fall short of estimates. Most software stocks, however, fought back later in the week as the broader tech sector regained its footing. See full story.