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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (86935)	8/17/1999 12:28:00 AM
From: Joey Smith	Respond to of 186894

Stephen, I was working at IBM during the Ackers/Gerstner transition & I question whether Gerstner rejuvenated the company. From what I hear, the morale there, especially among the younger employees is as bad now as it was back in 1994. Engineers come in now, get trained and obtain some experience, and then leave for greener pastures. Gerstner came in & did lots of cost-cutting. From a pure PE play, IBM's stock was incredibly cheap back in 1994-1995 and has run-up accordingly. Being an outsider, nothing was sacred from his cost-cutting, including R&D. Things get much tougher when trying to grow a company IBM's size from a revenue standpoint. He's done a good job leveraging services and "selling" their technology to OEMs, but there has been little or no growth from their hardware pdts. Now that the stock is fully valued, we'll see how "good" he is. BTW, I consider IBM the biggest competitor & threat to Intel investors. joey