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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (21122)	7/5/1998 8:37:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

BB, from the link you gave...First Call said the year-on-year S&P500 profit growth estimate for the second quarter has been cut to 2.3 percent, down from 3.6 percent last week. About 0.7 percentage point of the cut was due to analysts cutting back their profit forecast for General Motors Corp. (GM - news) and others to reflect the strike that has crippled the auto giant's North American assembly plants. The rest of the reduction is due to Asia's slowdown. I'm astonished the GM strike has such a large effect. Gottfried