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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Finder who wrote (4246)	7/7/1998 3:51:00 PM
From: P Wright	Read Replies (1) \| Respond to of 6317

This market has no time for companies whose earnings are flat or going to disappoint, even if this is a short term aberration. Take a look at Parametric Technology, an excellent company, that announced it will not meet this quarter's earnings estimates and will be flat next quarter because of transition costs (new software, increased software support) its share price has been sliced in half. I feel this type of action in the market can be attributed to the lofty valuations which leads to a lot of anxiety in the market. People say why buy a stock if it is going to be flat for two quarters when I will be able to buy the stock even cheaper if the market blows off and corrects 10 - 15%. Also, with the Asian crisis and general slow down in earnings growth investors are more likely to take a wait and see attitude.