IBM Message Board - Msg: 9070911

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Technology Stocks : IBM

IBM 304.94

-3.2%

Nov 13 3:59 PM EST

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To: J R KARY who wrote (5012)	4/22/1999 1:20:00 AM
From: Michael Collings	Read Replies (3) of 8218

In reality this boost in earnings may give many a selling opportunity. What many aren't seeing is the huge profit growth currently seen may end soon. Millions of companies have upgraded their systems recently to become y2k compliant and that surge will end soon. Stocks respond up to six months in advance to earnings slowdowns and the recent drop in stocks like Dell are probably linked to the likelihood of no earnings growth going forward six months. How many of your companies have upgraded their hardware in the last year and a half? I bet most. I know my company just bought over 800 Dell computers in the last year and we won't be buying again for a long time. It was all y2k instigated. The pros will be out long before a turn in earnings is evident. Remember that.

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