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To: Road Walker who wrote (173885)	3/31/2003 6:01:45 PM
From: Jim McMannis	Respond to of 186894

Whats the matta? too windy to play golf today? Ok, I'm FOR peace. OTOH, I'm FOR you pounding sand.

To: Road Walker who wrote (173885)	3/31/2003 8:56:22 PM
From: The Duke of URL©	Respond to of 186894

Tech faring better than other sectors By Dawn Kawamoto Staff Writer, CNET News.com March 31, 2003, 5:10 PM PT As the quarter came to a close Monday, technology companies fared better than other industry sectors when it came to trotting out warnings for the upcoming earnings season. The beleaguered tech sector issued 236 pre-announcements in the first quarter, with 117 companies lowering their estimates and 57 raising them. That gave the tech sector a ratio of 2.1 negative announcements for every positive announcement, whereas the broader markets had a 2.9-to-1 ratio in the first quarter. This shift marks the tech industry's first significant improvement against the broader industry sectors in over two years, said Chuck Hill, research director with First Call, a research firm that tracks company earnings. The last time the tech sector had a sizable lead against other industry sectors was in the third quarter of 2000. At that time, the tech sector had a ratio of 1.9-to-1, compared with the broader markets of 3.4-to-1. In sizing up the most recent data, Hill said the tech industry has seen a marked shift but one that does not necessarily translate to an improved outlook for the industry this year. "In the fourth quarter, tech pre-announcements were running about the same as the broader markets overall. Before that, it was much worse for tech; and now we're clearly seeing a change in the pattern we haven't seen for awhile," Hill said. He noted that while the total number of tech pre-announcements in the March quarter were lower than they were a year ago and in the previous quarter, industry watchers and investors should withhold any celebrations. "The proof is in the pudding, and that won't be known until companies start to report their (first-quarter) earnings in late April," Hill said. "If they start slashing their outlook, that sets the stage for what analysts will say in the third and fourth quarters. But if they maintain their forecasts, then things will be in a hold."