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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (74036)1/19/2000 5:18:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
To All, IBM stank the house out with negative revenues and eps. Of course, the stock is up 3 points on the news. They even gave guidance for flat to down this quarter. But I guess that by saying that eps would be even worse than they were, they were able to scam the blundering herd. It sure looks bad for computer sales.

BTW, SG&A's % of revenues declined, which I find suspicious when they are supposedly scrambling to find sales.

However, unlike Microsoft and Intel, I didn't see any big sector fund profits, which surpised me. I thought all the big touty techs had gotten together and agreed to play internet roulette while business sucked. I guess Lou didn't make the meeting. <g>
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