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Technology Stocks : Avalon Group, Inc.

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To: equalizzer who wrote (1173)	5/19/1999 1:40:00 AM
From: Eric Fader	Read Replies (2) of 1530

cbs.marketwatch.com Anyone have any thoughts on this? <g> <Following Gerstner's high-spirited speech, Steven Milunovich, analyst at Merrill Lynch, raised his price objective to $270 from $240, or 30-times his 2000 earnings estimate. "With 25 percent of revenues from e-business, IBM is becoming a quasi-Internet company," he said in a note to clients.>

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