SI
SI
discoversearch

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.
Technology Stocks : Computer Associates -- Ignore unavailable to you. Want to Upgrade?

To: Rob Rob who wrote (2649)7/22/1998 10:56:00 AM
From: Danny Chan  Read Replies (1) | Respond to of 5232
 
My friend, that's what it is called tech stock. Tech stocks are traded based on their ability to grow, not ability to earn. 6% cut in earning estimate is translating to 30% or more cut in near-term growth. It will come back. But it may gets even lower given the fact that the whole market might be heading for a correction.



To: Rob Rob who wrote (2649)7/22/1998 11:53:00 AM
From: P.T.Burnem  Respond to of 5232
 
Analyst lower next years estimates by 6% and the stock drops 30%.

The funny thing is that these are the same people who just yesterday sent the IBM stock flying because, they said, IBM's software sales were booming.

Today they are downgrading CA due to, among other things, a projected slowdown in mainframe sales.

PTB


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News