IBM Message Board - Msg: 11939037

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Technology Stocks : IBM

IBM 305.72

+2.6%

Jan 16 3:59 PM EST

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To: Blair M. Geiger who wrote (5944)	11/15/1999 7:35:00 PM
From: yzfool	Read Replies (1) of 8220

Saw the article,thanks. However this is not news; article reiterates what is already known. The problem is that Y2k comments made with earnings announcement have changed sentiment towards IBM; to regain investor confidence several things must occur. First, Y2k needs to pass as nonevent allowing IBM hardware business to hit on all cylinders. In conjunction with this need price capitulation ; break through support at 90 to price point perceived as "safe entry" by institutions and investors regardless of what happens. Next, IBM steps up and re-buys stock (not absolute requirement); think this tactic is a last resort since cash would probably better serve to grow internet and ebusiness applications in order to remain competitive. Finally, analyst upgrades and trending green will bring back the most wary investors. AOL and NITE have recently gone through similar patterns.

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