IBM Message Board - Msg: 3534758

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Technology Stocks : IBM

IBM 303.23

-0.4%

Nov 26 3:59 PM EST

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To: Chris who wrote (2568)	2/26/1998 12:30:00 AM
From: DAN KACKLEY	Read Replies (2) of 8218

"Only Fools Jump In" -Watch for the Asian Effect (Major Layoffs in progress!) I heard a rumor from some friends, HP is in the process of or has laid off Aprox. 1000 people and others may have to take time off! Other friends from different electronics industries are also experiencing layoffs!! The major cause of these layoffs are reported to be related to ASIAN CRISIS!!! Also I just lost some work yesterday, directly related to the Asian Crisis! Be careful IBM may still catch the Asian Flu!!!!!!!!! Yea It's still a suckers rally! This whole market looks like a Blow Off Stage! Dan (The BEAR)

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