IBM Message Board - Msg: 4446492

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Technology Stocks : IBM

IBM 303.44

+2.0%

12:13 PM EST

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To: art slott who wrote (3088)	5/13/1998 6:20:00 PM
From: The Vinman	Read Replies (4) of 8218

CNBC reports IBM down after hours. Ted David said IBM was down after hours, not surprising given the conference call. IBM is solely depending on its' services business for growth, the rest of the areas are flat at best, and the PC sector stinks. IBM is very over valued at these levels but will probably continue to go because greed has kept any analysts from having any balls, look at AMAT today, they basically said they would miss next quarter by .09 and there was no sign of a recovery, but all analysts could say was "I reiterate my buy, price target of $45." Its all a big joke, including IBM. Vinman

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