Forum Archive Index - January 2000

[Derek <dariusz@ihug.co.nz>]

We got the earnings reports of IBM, America Online,
and Apple Computer after the close today.  AAPL reported strong
numbers with a $1.00 per share earnings vs. an estimate of $0.90.
AOL finished the final quarter of last year strong too by earning
$0.09 cents per share versus a First Call estimate of $0.08.
IBM earned $1.12 per share, which was $0.06 cents ahead of
lowered estimates, but revenues were somewhat soft.  Big Blue
claimed the Y2K issue hurt the 4th quarter.  All three stocks
traded higher during both the regular session and after-hours.

The tech sector saw Internet stocks showing strength today.
That helped to lift the Nasdaq despite the weak software sector.
Other strong sectors included Drug, Biotech, Utilities, Gaming,
Chip Equipment and Fiber Optics.  Software was weak on the heels
of Microsoft's earnings which were announced after the close on
Tuesday.  MSFT, like always, beat the estimates, but showed some
concern for near-term PC demand and corporate sales.


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