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Kunal--I don't really have a comment, but I do have some questions.
You're not quite right to say that the stock didn't react to the NEC
announcement: it was off, what?, about 1 1/2, and then up 1 1/4
ten minutes later. Then it began to fall. I don't think this deal
was necessarily factored into anything; we'd heard a lot about the IBM
agreement in advance, but the official notice pumped the stock 6
points. There were rumors that IOMG was in talks with NEC, but I
believe they weren't very widespread. What I'd like to know is: who's
selling? Why? What's the point? Pace the financial press, IOMG isn't
Diana, OCCF, PRST, or, God forbid, IDID. Not by a longshot. But to
return to the point: today, as yesterday, the bond market went to
hell toward the end of the session. Okay, so they seem not to have
price inflation to worry about, but the case is still out on wage
inflation. It wouldn't be a bond market if it weren't hysterical
about SOMETHING. As a result, it appears that more "speculative"
stocks got hit. I think it's totally unfair, but who listens to me?
Janice. |
