IBM Message Board - Msg: 11468347

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Technology Stocks : IBM

IBM 301.83

-1.3%

3:59 PM EST

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To: Bob Kim who wrote (5602)	10/6/1999 8:38:00 PM
From: I. N. Vester	Read Replies (3) of 8218

Per Briefing.Com IBM weakness is linked to warnings from s/w firms Savior Technology Group (SVTG) and BMC. SVTG sells AS/400 solutions s/w. They also went down over 2 today but that was 1/3 of their price, even after falling from 8 yesterday. They warned yesterday of slowing sales due to Y2K issues, now hitting 52-week lows.... BMC warned today and was reportedly down 10 in after hours. Also per Briefing, which expects to see IBM still weak tomorrow. IBM=biggest loser in the dow today. But i'm just as glad i own big blue and not SVTG, fwiw!

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