Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (11112)	6/18/2002 7:51:19 AM
From: xcr600	of 13094

07:38 ET IBM estimates cut by Morgan Stanley (IBM) 77.14: Morgan Stanley says that hardware remains a low priority for 2002 IT spending and IBM may be experiencing a deterioration in services signings this quarter, which could lead to weaker than expected 2H02 results; also, firm believes IBM is struggling to meet its internal hardware targets and initiated a 90-day payment deferral plan this qtr. Cuts 2002 est to $3.85 from $3.95 and 2003 to $4.35 from $4.45 (both well below consensus). 07:33 ET Executives expect more fraud-- NY Post : The NY Post reports that top executives expect about 20 more big corporate scandals in the coming months which could cost investors more than $4 bln, according to a Conference Board survey of senior ethics officers.

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