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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Teflon who wrote (19905)4/7/1999 11:37:00 AM
From: Jill  Read Replies (2) | Respond to of 74651
 
CNBC--Nasdaq down 36.21 as "quite strong volume" a billion share day on Naz...Martha Mccallum "how sensitivity tech is...Merrill concerned about Hewlett Pack and Compaq first quarter rev #s, and concerned Y2K issues plaguing software cos more severely than expected, took wind out of sales this a.m., went into market strong out of gate, trading very active this a.m., "reaching for everything", financials continue to be strong today, HP down l and l/4, news came from Merrill at 10:39..."

So it seems to be the Merrill call--CPQ down too, continued worries in boxes--IBM down 2 points--



To: Teflon who wrote (19905)4/7/1999 11:37:00 AM
From: Richie  Read Replies (1) | Respond to of 74651
 
Teflon,

I'm not sure to be honest, I picked it up off the dell thread. From the reaction of the hardware stocks, that's what spooked the techs. Whether he is guiding analysts lower or not is the real question.

RichieH


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