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 : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: williet who wrote (54502)	3/23/1999 9:55:00 AM
From: rupert1	Respond to of 97611

This was Briefing.com's take before the market opened. __________________________ General Commentary: Uneasiness over the earnings prospects for the PC group the main reason why investors remain gun shy about getting on board tech sector... Fears given new life after the close when perennial disappointment Micron Electronics (MUEI 11 13/16 -3/8) reported a sharp year/year drop in revenues and earnings... Sales plunged 24.5% with earnings falling to $0.07 from $0.26... Though in line with estimates, quarterly results were not much to get excited about, especially given 7.4% sequential revenue drop... Poor revenue totals lend credence to street fears that falling average selling prices (ASP) are offsetting solid unit growth... These concerns prompted DLJ to cut its Q1 and FY99 earnings estimates for Dell Computer (DELL 37 7/8 - 2 3/8) and BB Robertson Stephens to trim its Q1 and FY99/FY00 estimates for IBM (IBM 167 -1 9/16) earlier Monday... Exaggerated expectations, seasonal sluggishness and order delays due to the release of the Pentium III also contributing to growing perception that the year will begin with a whimper and not a bang.jumped by 10.8% year/year and 9% sequentially... Healthy report from often troubled company enough to propel stock higher... Key resistance is at 11 Cabletron Systems (CS 10 1/16 +5/16) reported a quarterly gain of $0.01, beating the concensus forecast by one to two cents... Revenues