IBM Message Board - Msg: 4923495

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Technology Stocks : IBM

IBM 308.58

+1.8%

Nov 28 9:30 AM EST

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To: wiley murray who wrote (3325)	6/18/1998 6:01:00 PM
From: art slott	Read Replies (3) of 8218

Only if IBM comes out with alot worse news than the analysts short term reductions. These analysts were on the high side of estimates to begin with. In cutting their reports on IBM, both Conigliaro and Milunovich cited the worsening economy in Asia, particularly in Japan. Nonetheless, they said, business elsewhere remains good for Big Blue. Other analysts agreed. news.com "In the short term, nothing has changed for IBM other than the Asia situation has gotten reasonably worse in the recent weeks," said Stephen Dube, an analyst with Wasserstein Perella. "Korea, Malaysia, and Indonesia are still doing considerably poor, and [those regions] represent a significant portion of their business." Dube added that IBM continues to be under pressure in its PC business, but said his current quarterly estimate of 1.50 a share remains unchanged for now.

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