Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CATP-The stock is taking off -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Id who wrote (505)	3/18/1999 10:57:00 PM
From: A. Edwards	Read Replies (1) \| Respond to of 782

AFTER HOUR TRADING the stock plummeted to $13 7/8 from $21 Cambridge Technology Partners Inc. (CATP): The computer consulting company warned first-quarter earnings will lag forecasts because a reorganization hasn't paid off as quickly as expected. Cambridge said it expects earnings of 12 cents to 14 cents a share, below the 24-cent average estimate of analysts polled by First Call. It expects $148 million to $151 million in revenue, compared with forecasts of $163 million to $170 million. It's very likely that analysts from CSFB, DLJ, Legg Mason, and Tucker Anthony will rush in to downgrade the stock tomorrow. How much lower can the stock go down to ? The question remains to be seen.