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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: zuma_rk who wrote (5456)5/13/1999 3:42:00 PM
From: Tom Klempay  Read Replies (3) of 20297
 
<Somewhat OT, but hey, it's slow today...>

I think we can thank Big Lou Gerstner for the 'net stock downturn today. The guy really trashed the pure internet stocks:

As he appeared to pierce holes in the lofty valuations of Web darlings, Gerstner said traditional companies, such as Wal-Mart, and Banc One, will change the competitive landscape for Amazon.com and NetBank.

While a couple may be profitable, he said, many are just "fireflies before the storm."

Gerstner also stressed that while Net firms "capture eyeballs," IBM generates "earnings and cash."


Here are a few links:
cbs.marketwatch.com
infoseek.go.com

James Cramer had a good column about old Lou's comments. The gist of it was Boo Lou, not Big Blue...

-tk
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