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

To: DEER HUNTER who wrote (2695)	7/22/1998 11:33:00 PM
From: Mike 2.0	Read Replies (1) \| Respond to of 5232

Agree, Deer Hunter...someone at Reuters was pretty damn lazy. Sure, they could've said CA exceeded expectations for the latest quarter, but warned of future lower expectations, but heck that's maybe twice as many keystrokes :-) Anyway CA as a buy & hold at this level seems like a gift...

To: DEER HUNTER who wrote (2695)	7/23/1998 9:02:00 AM
From: THE DUGGER	Read Replies (3) \| Respond to of 5232

DH CA earnings were actually pretty good. But they put the "kibosh" on future earnings with their statements, and it's fairly obvious they did it on purpose. Did they know these "warning" statements would cause the stock to drop more than 30%? Probably. Will the actual effect of Asia and Y2K cause future earnings to drop more than 5%? Probably not. So is CA a buy at these levels? Well, it would be if CA had a little more regard for its shareholders. But this stock remains incredibly volatile despite a terrific earnings record over a long period of time. It is earnings that drive stock prices in the long run, and I would expect CA's future earnings to continue to grow. Whatever dip Asia causes is unlikely to be substantial. The Y2K related dip may be real, but CA is in the game to help their clients remediate their code, so that revenue could offset a good deal of the supposed "loss" from millenia issues. What do you think? Will CA bounce back? I believe so, but I am tired of these games. Dugger