Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (74427)	3/2/2001 9:08:14 AM
From: UnBelievable	Respond to of 436258

DJ N.Y. Stocks Seen Falling; Regrets, We've Got A Few NEW YORK (Dow Jones)--There can't be anybody out there in the investing world who finds the evidence of a profit shortfall in high technology to be news, at least under the definition of same taught in journalism school. But there is no escaping the consequences, especially after disspirited investors actually let themselves entertain some modest hope of relief in Thursday's trading. Regrets. What a bummer. The fulcrum of Friday's fatal profit forecasts come from the software sector, after Oracle 'fessed up late Thursday to an upcoming profit shortfall. Shares of the software giant have tumbled 26% in premarket action, and figure to set another 52-week low as soon as the session gets underway. Meanwhile, analysts connecting the dots have taken down numbers on a host of other software names, in another one of those take 'em out behind the barn episodes on Wall Street. Expect sharp declines for PeopleSoft, BMC Software, i2 Technologies, and a rash of others. The rest of the fallout is going to come from those stalwart issues that managed to screw up their courage in Thursday's trading session. Siebel Systems, for example, which came off the decks of a 52-week low intraday to score a 17% gain by the close, has given that back and then some in Friday's premarket action, hurt by some pessimistic comments from Credit Suisse First Boston. 03/02/2001 Dow Jones News Services (Copyright © 2001 Dow Jones & Company, Inc.)