Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (197981)	10/16/2002 6:57:06 PM
From: GrillSgt	Read Replies (1) of 436258

IBM Q4 guidance revisited--Update-- Some confusion among analyst with respect to Q4 guidance from IBM and whether the company was indicating it would need the PwC Consulting contribution to be generally comfortable with Street estimates... here is the text of IBM's prepared remarks: "Looking to Q4, we will now begin to benefit from the added revenue from our enhanced Business Consulting Services. Most Street models have not yet taken this into account. After adjusting for that revenue and the earnings impact, I am generally comfortable with the range of expectations for our performance in Q4"... While this ambiguous comment could have been interpreted as a warning, IBM's stock is trading in a manner that suggests the market believes IBM is excluding PwC to make a clean comparison. IBM +5.25 at 70.15 briefing

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