The stock is now at $39.19, or 25 times his earnings forecast of $1.55 a share for next year.

The company also announced that it had missed earnings forecasts for the first quarter.

He now thinks the earnings forecast was a tactical error.

Another set of disappointing earnings forecasts from technology companies helped to pull the market down further.

Some analysts said they might now reduce earnings forecasts for 1995.

And based on our 1995 earnings forecasts, it is a very cheap stock.

He also looks at earnings forecasts for the next 12 months.

By aggressively cutting costs, the company should be able to meet its earlier earnings forecast of 55 cents a share for 2003, he said.

Many analysts are now likely to lower their earnings forecasts.

The stock now trades at $55.4375, or 39.6 times his 1999 earnings forecast of $1.40 a share.