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Technology Stocks : IBM
IBM 290.44+0.7%3:59 PM EST
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To: Arrow Hd. who wrote (5775)10/23/1999 9:29:00 AM
From: Ray  Read Replies (2) of 8218
 
Hi Arrow!
Absolutely correct in your post!
I am a "semi-retired" IBM large-system CE - retired in one of the company's programs to cut head count several years ago, now working as a "retired supplemental contract" employee for them again. Have been busy - VERY busy - working on upgrades & installs related to Y2K issues for the past 2 years or so. (seems that when they offered all of us "old farts" easy out retirement terms, they were left with too few folks trained on the "old iron" to handle the Y2K stuff)
Most people outside the industry have little or no idea at all how extensive IBM's business is, and how many phases of it the company is in to.
From my perspective, which is of course positively biased toward the company, IBM is a SCREAMING BUY at this level. In fact, I just did, at 90.
I have IBM stock in my portfolio that cost me as much as $360 a share (pre split basis) and as little as $40...again on a pre split basis.
The company remains a HUGE income producer, and the demand for mainframe enterprise machines is still growing...just not as fast as in the past.
After all, when a large corporation has its large network of scattered enterprises all over the world running, it still has to "tie together" somewhere.
Best Regards
Ray
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