View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 17, 1988


By CBR Staff Writer

DEC shares traded sharply lower on the New York Stock Exchange yesterday morning after Merrill Lynch analyst George Elling reduced his earnings estimates and short-term investment rating on the stock: he now looks for only $2.25 to $2.30 a share for the quarter that ends this month, from the $2.50 a share DEC had been indicating only last week – which means that DEC could actually score a down quarter because it did $2.29 a share a year ago; adding fuel to a fire that saw the shares off $3.625 at $114 in early trading, DEC said it now believed that estimates below the previous consensus of $2.50 a share for the quarter would be seemingly more appropriate given current circumstances in the industry.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.