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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: jim who wrote (5479)	8/4/1999 11:19:00 PM
From: Henrik	Respond to of 8218

SoundView: IBM 12-month price target of $160. SoundView Technology Group analyst Gary Helmig said he boosted his earnings views and stock price target on IBM CORP, saying that a feared Y2K spending slowdown was not materializing as expected. Helmig said he raised his earnings estimate for the 1999 fiscal year to $3.96 per share from $3.80, reflecting an 11 cent boost to his 3Q earnings estimate and 5 cents added to his 4Q estimate. He lifted his Year 2000 estimate to $4.65 per share from $4.44 and set a 12-month price target of $160, up from his prior $130 level. (Reuters 10:52 AM ET 08/04/99)