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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ashley Campbell who wrote (98068)	2/12/1999 2:36:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

..and now for a more positive outlook here is Morgan Stanley.. .....On a more positive note, Morgan Stanley Dean Witter analysts said that just 22 percent of the technology companies in their coverage who've reported December-quarter earnings missed the Street's estimates. That "miss rate is the lowest rate we have seen since the beginning of this study in [the first quarter of 19]96, " the brokerage said in a research note, "indicating an improvement in earnings predictability for tech companies." Morgan cited three reasons why it believes this pattern has emerged: a "resilient" U.S. economy has fueled tech-related spending; some companies have increased spending to capitalize on "operating efficiencies" created by overseas financial weakness; and "earnings estimates had been coming down to low levels during the past two quarters as fears of a spillover from the Asian economic/financial crisis pervaded."