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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (4295)2/11/2001 8:16:38 AM
From: puborectalis  Read Replies (1) | Respond to of 6445
 
Goldman conference to highlight tech

By Mike Tarsala, CBS.MarketWatch.com
Last Update: 5:00 AM ET Feb 11, 2001

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PALM SPRINGS, Calif. (CBS.MW) - Against the backdrop of a new
plunge in technology stocks, investors will gather at the annual Goldman
Sachs Technology Investment Symposium this week to discuss the outlook
for the beleaguered group.

The economy is stumbling and some of the best-loved tech stocks are
getting whacked again, with a three-day decline in the Nasdaq at the end of
last week wiping out all of the index's gains for the year. Junk bonds seem
to be out-pacing the growth of tech stocks. Tech trading volume remains
low.

All the more reason tech investors will want to listen to what some of the
companies still standing have to say.

Tom Siebel, chief executive and founder of sales software maker Siebel
Systems (SEBL: news, msgs) will kick off events Monday in this California
desert resort town. He's expected to give his outlook for information
technology spending, and perhaps some secrets behind his company's 170
percent earnings growth.

Some of the market's most highly valued companies will be represented,
including storage expert Veritas Software (VRTS: news, msgs) ,
middleware software maker BEA Systems (BEAS: news, msgs) and supply
chain software maker i2 Technologies (ITWO: news, msgs) .

Also speaking from the conference Monday will be Mike Ruettgers, chief
executive of storage hardware maker EMC Corp (EMC: news, msgs) .
He's expected to talk about his company's sales outlook, and whether EMC,
among the fastest-growing stocks in the 1990s, can continue its winning
ways in the new decade.

Executives from the Nasdaq's most valuable company, Microsoft, also will
speak at the conference. Rick Belluzzo, director of business development
for company's future .NET strategy, is expected to detail the company's
plans.

CBS.MarketWatch.com plans three days of coverage from the Goldman
conference, in addition to weeklong coverage of from the Robertson
Stephens Tech 2001 Conference in San Francisco.