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Strategies & Market Trends : Rande Is . . . HOME

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To: chowder who wrote (44249)	12/28/2000 8:43:50 AM
From: just_a_passer_b	Read Replies (2) of 57584

I don't see an IBM warning ... just an analist reducing estimates ... ======================================================== Pru cuts IBM revenue number --7:46 am - By Susan Lerner Shares of IBM fell $2.19 in Instinet pre-market trading after Prudential Securities analyst Kimberly Alexy cut her fourth quarter revenue estimate to $24.5 billion from $25.3 billion. Alexy blamed expected weakness in the company's PC, HDD and software business for the shortfall, noting that the software business had failed to snap back as a result of continued pressures in the company's Tivoli business. Alexy said she believes the company's near-term trading range is about $85 to $110 but longer term the multiple may contract further if revenue growth continues to disappoint. ====================================================== Was that what you meant ?

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