IBM Message Board - Msg: 17414031

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Technology Stocks : IBM

IBM 303.23

-0.4%

3:59 PM EST

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To: bob gauthier who wrote (7649)	5/2/2002 2:15:26 PM
From: Arrow Hd.	Read Replies (1) of 8218

Bob, I might consider waiting until after the upcoming analyst's meeting which should be soon, maybe on the 15th. I think the weakness is due to concerns that IBM may guide lower at this meeting, to set the bar such that no matter whether the economy recovers in the second half or not they can still make the earnings and revenue numbers. Just a hunch and nothing more. Anyway, after the analyst's meeting wherever the stock is at that time will probably represent a short term bottom until 2Q earnings warning season comes in to play mid-June. My guess is the low 80s with a possible dip into the high 70s.

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