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

To: Racso who wrote (4837)	3/22/1999 11:35:00 AM
From: Ben Beale	Read Replies (1) \| Respond to of 8218

BancBoston Robertson Stephens maintains long-term "attractive" rating on computer hardware, software and services company but lowers estimates as it believes that revenue growth is below plan due to weaker hardware sales and service growth not enough to offset sales; lowers Q1 EPS estimate from $1.42 consensus to $1.37 on lack of bounce in hardware sales as hardware revenue growth fell from +4% in Q3 to -2% in Q4 and no rebound has been noted; lowers FY99 EPS from $7.55 to $7.38 and FY00 EPS from $8.90 to $8.50 a share as revenue growth projections lowered for 1999 from 8.4% to 7.8% and for 2000 from 8.5% to 8.0%.....CS First Boston maintains "buy" rating on computer, software and services company as it believes that recent Q1 performance concerns may be unfounded; believes that company can exceed its Q1 estimate of $1.33 per share and approach the consensus forecast.....