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To: Johnny Canuck who wrote (20275)3/18/1999 7:54:00 AM
From: dppl  Read Replies (1) | Respond to of 70473
 
That's right, they had a pre announcement and beat lower estimates.

BTW, garbage energy stocks like TMAR have broken made technical breakouts on the monthlies. They may be the next movers in that sector.

Thomas



To: Johnny Canuck who wrote (20275)3/18/1999 5:23:00 PM
From: Clint E.  Read Replies (2) | Respond to of 70473
 
Harry. Good thing you didn't buy CATP. Looks like it is heading down to 13-15 range again.

Clint
======================================
Thurs 3/18/99,4:45 pm EST---
CATP Releases Preliminary First Quarter Results


Estimated Full Year 1999 Results

CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 18, 1999--Cambridge Technology Partners (Massachusetts), Inc.
(NASDAQ:CATP - news; Cambridge) today announced that based on preliminary review of the Company's results for the first quarter ended March 31, 1999,
revenues are expected to be between $148.0 - $151.0 million, and earnings per share to be in the range of $.12 to $.14 for the quarter, which is below security
analysts revenue estimates of approximately $163.0 - $170.0 million and earnings per share estimates of $.21 - .24 per share. Cambridge Technology Partners
expects to report actual results for the first quarter on or about April 15, 1999.

Cambridge also reported that based on currently available information it expects revenues for the full year of 1999 to be between $660.0 - $675.0 million, with
earnings per share in the range of $.72 - $.74 . These estimates compare with security analysts' expectations of $750.0 - $795.0 million in revenues and $1.06
to $1.15 in earnings per share.

Cambridge reported that the benefits of the North American reorganization initiatives undertaken during the fourth quarter of 1998 did not materialize as
quickly as anticipated and, as a result, sales growth for the first quarter was lower than expected. In addition, a decrease in market demand for ERP software
licenses negatively affected demand for the Company's ERS package implementation offerings.

James K. Sims, President and Chief Executive Officer commented on today's announcement, ''During February and March, we stated that the first half of 1999
would be choppy for Cambridge as we progress with the implementation of our reorganization to a service line structure. In the first half of 1999, we are
investing in the service line infrastructure to support the Company's next level of growth. Investments in sales and technical training, the new managing
partner (client relationships) and alliance organizations, field marketing, and project delivery methodologies are being made. It is my assessment that this
major initiative is taking more time and management attention than originally expected, therefore, we have made adjustments to the full year expectation.
While we are disappointed with these results, we are beginning to see market awareness and acceptance of our strategy to become a provider of integrated
e-commerce business solutions.''

Sims continued, ''The new organization, with its new management team, processes, and lack of historical perspective made it difficult for us to predict the
revenue shortfall before today. While this has had a negative impact on our first quarter, we believe that these initiatives will enable us to achieve our
long-term strategy of helping clients integrate and extend their value chains for competitive advantage in the new, digital economy. During the quarter, we won
several strategic wins with clients of major global brands, demonstrating early evidence of the benefits of the reorganization.''