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To: Jing Qian who wrote (2822)	4/24/1999 11:44:00 PM
From: puborectalis	Respond to of 7772

BONANZA WEEK AHEAD.......H&Q Tech conference set to open First chance to pitch Q1 results to money managers By Brenon Daly, CBS MarketWatch Last Update: 1:59 PM ET Apr 24, 1999 Tech Report SAN FRANCISCO (CBS.MW) -- Technology shares will likely be in play next week, as Hambrecht & Quist opens its 27th annual investment conference on Monday. The conference from the San Francisco-based boutique investment bank will give many of the companies their first opportunity to talk to money managers about first-quarter results. And so far those results have been better than expected. About two-thirds of the technology companies in the Standard & Poor's 500 Index have reported for the first quarter, and have topped Wall Street expectations by an average of 7 percent, according to Joe Cooper at First Call. On average, the technology companies have reported earnings rose 47 percent. That compares to just 7 percent growth in other S & P companies. The conference comes at a time when tech investors are being pulled in different directions. Bear growls The bears started growling two weeks ago when Compaq (CPQ: news, msgs) warned it would earn just half of what analysts expected and Intel (INTC: news, msgs) reported lower-than-expected sales. Those concerns culminated on Monday in a triple-digit decline in the tech-heavy Nasdaq and a stunning 17.4 percent decline in the Goldman Sachs Internet Index. Since then, the index has reclaimed its losses. "The sentiment is definitely better, but it's still uncertain," said Hambrecht & Quist analyst Jim Pickrel. "There's a more positive tone than people expecting the world to come to an end" due to Year 2000 problems. Many people have speculated that businesses would curtail tech spending ahead of the change of the millennium as they make sure their existing computer systems won't get snagged. Many computers can't read the first two digits in the date of a year, which could cause some systems to confuse 2000 for 1900. Pickrel, who covers the business software sector for H & Q, said he expected positive presentations from Siebel Systems (SEBL: news, msgs) and i2 (ITWO: news, msgs) on Monday. Both companies reported stronger-than-expected earnings last week. Other companies presenting at the four-day conference include: Oracle (ORCL: news, msgs), Microsoft (MSFT: news, msgs), Yahoo (YHOO: news, msgs), CMGI (CMGI: news, msgs), Ebay (EBAY: news, msgs), Dell (DELL: news, msgs) and Sun Microsystems (SUNW: news, msgs). Brenon Daly is an online reporter for CBS MarketWatch. For more breaking news, visit our Front Page. Also, search our news archives: Ticker Keyword