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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Joe Hoek who wrote (34026)4/15/1999 11:07:00 AM
From: jan m.  Respond to of 120523
 
Not only did I throw up, I just slit my wrists! Joe Kernan just said that NDB must have had a stock split, he couldn't believe his screen that showed NDB trading at 47 from a high of 93 yesterday. I'm riding this out, only have VRIO and NDB. Just kidding too!



To: Joe Hoek who wrote (34026)4/15/1999 11:53:00 AM
From: Spartex  Read Replies (2) | Respond to of 120523
 
<<What really pisses me off is my EMC getting trashed. Earnings are out next week and this MAY be an opportunity to get in. >>

If you dig a little, you'll find some rationale for EMC's drop today. Look at news out from STK. Good Luck.

cbs.marketwatch.com

Computer storage device maker, EMC (EMC:
news, msgs) stock dropped 13 11/16, or 10
percent, to 112 5/16.

Storage Technology (STK: news, msgs) lost 7 7/8,
or 30 percent, to 18 3/16 after the company
reportedly said slower sales will result in first-quarter earnings between 5
cents to 10 cents. This compares to the First Call estimate of 42 cents a
share. In addition, Storage Tech said it would layoff 500 employees and
take a charge in its second quarter as a result.

In addition, PaineWebber analyst Kevin Buttigieg downgraded Storage
Tech from an "attractive" to a "buy."