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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (15772)	1/16/2003 7:18:23 PM
From: fedhead	Read Replies (1) \| Respond to of 57684

I am hoping that this leg down (if indeed this is the resumption of the bear) shakes all the complacency out of this market and creates a bottom worth buying into. Believe me I would much rather be a bull than a bear. Anindo

To: Lizzie Tudor who wrote (15772)	1/17/2003 8:20:11 AM
From: stockman_scott	Respond to of 57684

Goldman gets 'cautious' on enterprise software sector By Tomi Kilgore CBS MarketWatch 7:48am 01/17/03 (IBM, MSFT) Goldman Sachs analyst Rick Sherlund lowered his rating on the enterprise software sector to "cautious" from "neutral," on the belief that much of the fourth quarter's good news is already reflected in the stock price, given that the stocks have risen sharply off their October lows and since the end of 2002. He noted that the firm's recent information technology spending survey showed IT budgets down 1 percent for 2003, but expectations call for revenue growth in the technology sector of about 6 percent. "We had hoped that Microsoft and IBM would show greater upside and give a boost to sentiment in the tech sector, but expectations appear to have already gotten too far ahead of the fundamentals," Sherlund said in a note to clients.