Tech earnings on target? 32 percent to 15 percent.earnings wound up increasing by about 22 percent. -- ERG trade data forum

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Date Posted: 01:20:00 03/02/03 Sun
Author: February 28, 2003Chips and software may disappoint
Subject: Tech earnings on target? 32 percent to 15 percent.earnings wound up increasing by about 22 percent.

http://money.cnn.com/2003/02/28/technology/earnings/index.htm

Tech earnings on target?

February 28, 2003: 3:37 PM EST

Chips and software may disappoint
Looking specifically at the first quarter, Wall Street has done a good job of lowering their expectations for the near-term and if anything might have gotten a tad conservative with their estimates. That was the case in the fourth quarter of 2002.
Between the start of the fourth quarter and the end of last year, analysts cut their estimates for tech sector earnings growth from 32 percent to 15 percent. As it turns out, earnings wound up increasing by about 22 percent.

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