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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (283)	3/22/1999 5:28:00 PM
From: Nazbuster	Read Replies (1) \| Respond to of 1277

This didn't help either: PC stocks lower... NEW YORK (CBS.MW) -- An analyst's cut of Dell Computer's profit estimates sent computer stocks lower Monday. Donaldson, Lufkin & Jenrette said Dell (DELL) will likely profit 15 cents a share in its first quarter rather than the 17 cents a share the research firm previously expected, according to Reuters. DLJ analyst Kevin McCarthy also cut his fiscal 2000 earnings estimate on Dell to 72 cents a share from 75 cents a share. The average estimate from analysts is for Dell to make 16 cents a share during the quarter and 73 cents a share for fiscal year 2000. McCarthy cited lower expected shipments and average selling prices for the current quarter, Reuters reported. That sent shares of the decade's best-performing stock down 2 3/8 to 37 7/8.