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Technology Stocks : IBM
IBM 298.87+3.1%3:59 PM EST
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To: Wayners who wrote (7259)8/7/2001 6:15:15 PM
From: art slott  Read Replies (2) of 8220
 
>>At no growth whats this thing worth....book value? I don't know why but last time they had negative growth, it never went below $85.<<

The best IT company in the world will retain support significantly above book value as long as there is no major loss of market share. IBM has been gaining market share inspite of the industry wide IT spending malaise. When the IT economy is in recession as it is now, one would expect IBM's growth to also slow. Institutions want to retain positions in companies that will pick up with the economy.

Hope this helps.
Art
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