IBM Message Board - Msg: 4165099

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Technology Stocks : IBM

IBM 307.94

0.0%

Dec 5 9:30 AM EST

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To: jack wuo who wrote (2911)	4/22/1998 5:08:00 PM
From: j g cordes	Read Replies (1) of 8218

IBM closed at 114 level later; with such a strong tech day, not good. $ is out of IBM to chase INTC, MSFT You're right that its not good.. a strong reversal. But the reason might be more that with LU and DIS and others reporting actually strong earnings and revenue.. the spin put on IBM is wearing thin. With revenue down and margins down compared to other stocks reporting substantial revenue gains and margins perhaps the optimism was very overstated. IBM should close the trading gap 110-115.. before finding strong support. Jim

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