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Technology Stocks : Compaq

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To: Nouveau_Riche who wrote (65296)7/19/1999 8:45:00 PM
From: Nouveau_Riche  Read Replies (2) of 97611
 
Finally, here are some forward looking comments from IBM:

In a conference call with Wall Street analysts that followed the earnings report Monday afternoon, IBM Chief Financial Officer Doug Maine reiterated the company's generally upbeat financial guidance for the rest of 1999.

Specifically, he said IBM was seeing no new evidence of an impending slowdown in spending on new computers as customers rush to fix older equipment ahead of the Year 2000 -- comments that echoed recent reports by other major computer makers.

Maine said evidence that Year 2000 equipment repair is having any effect on IBM's overall performance ''continues to be inconclusive,'' adding that, "With each succeeding month, if there is an impact, it's going to be short-term in nature.
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