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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (119966)	12/21/2000 1:35:58 PM
From: ColtonGang	Read Replies (1) \| Respond to of 120523

Chuck Phillips, Morgan Stanley's influential software analyst, sees a "clear deceleration" in corporate IT spending budgets and downgrades five companies to neutral - sending the stocks reeling. Phillips says he doesn't expect the softer spending to hurt 4Q much, but will make for tough 1Q. Cuts Computer Associates (CA), J.D. Edwards (JDEC), Documentum (DCTM), SAP AG (SAP) an McAfee.com (MCAF) saying they have more seasonal quarters and are in mature sectors without the growth to pull them through a lean first half. (MLP)