MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (10764)	2/25/2002 10:36:19 PM
From: nsumir81	Read Replies (1) of 19219

Doug Kass:cited in Barrons recently as bearish on INTC IBM just about 1 month back, I think in Abelson's column. He talked about INTC's 'earnings' and how low(er) it was compared to their peak business in 1997 and 1998 (you know the Internet as being a new thing, PCs selling hot, etc), favorable tax rates and share buybacks pushing IBM's EPS, IBM's literally unbelievable continuous revenue misses BUT EPS 'surprises' (no surprise now is it?) etc. And that despite all that, their prices were double of what they were back then. And that going forward things are not exactly rosy or ultra-bullish as they were back then. Enjoy the trading range imo.

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