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Technology Stocks : ANLY- solving the year 2000 problem -- Ignore unavailable to you. Want to Upgrade?

To: Tom J. who wrote (46)	4/20/1999 11:00:00 AM
From: Greg Jung	Read Replies (1) \| Respond to of 51

ANLY earnings today met estimates $ 0.25/share ''The IT services sector is facing a very unusual situation this year. Many clients are concentrating on compliance and testing for Y2K, and new applications are often postponed to avoid testing complications as well as budget considerations. Therefore the demand for normal IT services is slow at the same time the Y2K business is phasing out,'' said Frederick W. Lang, chairman and chief executive officer. ''This paradox has affected stock prices in the IT sector, and PE's on average have decreased to less than one-half of the Standard & Poor's 500 PE. However, the duration of the problem is clearly timed, and next year the demand for our services should be strong as customers address a large backlog of projects. We expect our growth to return to a rate comparable to that before the Y2K diversion.'' Meanwhile they make a buck a share.