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

To: Gall who wrote (2801)	7/31/1998 3:05:00 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 5232

next real support at the 28 level.... it's the hindenburg....technically. posting to you for convenience only.... no love intended. Joel

To: Gall who wrote (2801)	7/31/1998 3:43:00 PM
From: Doughboy	Read Replies (2) \| Respond to of 5232

Gall: Whoa there little buddy. Fundamentally, you can't justify a $24-28 range for CA. This is a company that is currently trading at 16 times trailing year's earnings, when it normally trades at a P/E of 25. You're saying it's going to be trading at a P/E of 10. I don't buy that; the only high tech companies that go through that kind of fall are companies that lose gobs of money, e.g. NOVL, SEG. CA is going to make money; its earnings will simply be flat. Please tell us where you get your number--and "go look at the historical chart" is not going to cut it this time. DougHboy.