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Technology Stocks : Dell Technologies Inc.
DELL 122.55+4.4%Nov 21 3:59 PM EST

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To: American Spirit who wrote (146695)11/6/1999 10:22:00 PM
From: jim kelley  Read Replies (1) of 176387
 
IBM beat itself down. Apparently, a lot of its service contracts are Y2K specific and a lot of the growth in big iron shipments in the early part of the year was to get the big iron into place before the end of the year. So a lot of their growth rate has suddenly been rendered transitory.
Then Gerstner takes a dump on his own stock by warning about future growth and revenue.( Meanwhile, planning to buyback IBM stock at a discount) Thus, the stock goes down!

Meantime, they are loosing money on little iron.
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