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Technology Stocks : J.D. Edwards debut! (JDEC) -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (397)	5/4/1999 11:20:00 AM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 583

.D. Edwards & Company (JDEC) Morgan Stanley Dean Witter analyst Chuck Phillips cut J.D. EDWARDS & CO to neutral from outperform, citing weakness in the software company's sector, according to a research note. Phillips cut his fiscal 1999 earnings estimate to $0.13 a share from $0.59 and reduced his fiscal 2000 earnings estimate to $0.22 from $0.74. While J.D. Edwards is "one of the stronger companies" in the enterprise resource planning software sector, "the company has to manage through the downturn and return to profitability by Q4," Phillips said in his note. (Dow Jones)