SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 40.78+0.7%Dec 10 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (90765)10/21/1999 6:06:00 PM
From: Harry Landsiedel  Read Replies (2) of 186894
 
John Fowler. Re: "...shouldn't IBM have had visibility of their weakness many months ago?" Very good point! Nobody else has mentioned this.

Remember 1Q? IBM booked bigger profits in 1Q and my guess is that they KNEW at the time that they were borrowing mainframe sales from later in the year. They CHOSE not to tell the investment community about it. Think about it. They KNEW what industries those better orders were coming from, and they had access to the company's IT plans for 1999.

Then in April or May, Gerstner hyped the stock AGAIN with his e-commerce presentation. Inexcuseable in my opinion, when he KNEW what was around the corner. My guess is that they took a big chance that something would come along and bail them out. When it did not appear, they ended up with egg on their face, big time.

The only thing the IBM news does is give the cassandras like Dan Niles the opening to drive the market down. I am surprised Intel ended up, but could the market be finally catching on? Nah!

Re: " I wonder what will happen to all those Y2K fix budget dollars? Another great point! (Your on a roll) I've been saying to myself that a whole bunch of money will be a) spent on new infrastructure/e-commerce projects or b) appear on the bottom line next year. Either way it's good for Intel or the stock market.

HL
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News