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To: TCBinAugusta who wrote (115915)	4/10/1999 10:15:00 AM
From: Mohan Marette	Respond to of 176387

Technology earnings are headed north -Says Forbes. TCB: It appears all is well with technology sector contrary to popular belief among nay-sayers on Wall Street. I guess most everybody is heading north with the exception of Dogpag may be is what I am thinking. ================================= Technology earnings are headed north April 09, 1999 By Om Malik NEW YORK. 10:00AM EST—Should you worry about the earnings growth for the technology sector? Will Intel Corp. (nasdaq: INTC) disappoint or will Dell Computer (nasdaq: DELL) miss its earnings target? Some analysts are saying that we should put those worries to rest. Here is a rundown of what we should expect from upcoming earnings reports for the first quarter. Despite the nervousness in the market, some market analysts believe that all is fine in the technology universe. Charles Hill, research director with First Call Corp., a Boston-based company that tracks Wall Street estimates on corporate earnings estimates, thinks it is too early to sound the bugle on a technology slowdown. Earnings, he indicates, are growing quite rapidly. Hill thinks that while large-scale positive surprises will be hard to come by, the disappointments are less likely. "Technology will still be where the biggest growth is going to be," he says. First Call is predicting that the earnings for the technology sector are expected to grow 34% year-over-year, versus the S&P 500 earnings growth of 6%. The strongest earnings growth is going to come in the computer hardware sector, up 62% from first quarter 1998, despite nervousness about slowing PC sales. The semiconductor and communications equipment sectors will see their earnings grow 28% year-over-year, while the software sector will chip in with 20% growth....................<continued...>) forbes.com