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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (8958)	10/19/1999 1:51:00 AM
From: Runner	Read Replies (1) \| Respond to of 9818

Check out in England Y-2K news. !/3 of all major companies have experienced problems, and 85% expect power outages, system crashes, ect. Runner

To: JBTFD who wrote (8958)	10/19/1999 7:56:00 AM
From: flatsville	Read Replies (1) \| Respond to of 9818

Mark--Thanks for the find...Remember my post re Unisys? Message 11550040 I then spent some time reading about 8 or 10 news stories re: the earnings announcement. (Had not seen quarterly report of course.) No real guidance on Q1 2000 or any mention of y2k in the stories. Hmmm...It was a bit confusing. It unnerved me. I thought I had missed something. Then I determined that Pisani's comments re: the word from the floor traders about y2k and Q1 must have been fabricated. They were catching on? Whether they are real y2k warnings or perceived y2k excuses in these earings reports, the bears are still picking them off the trail one by one. Billions of dollars in market cap gone to money heaven. I liked this part of the article the best: >>>To be sure, many analysts and money managers still consider the year-2000 bug a minor matter -- or a handy excuse to be trotted out by stumbling management. It's like "El Nino, or the dog ate my homework," says Charles Phillips, an analyst covering e-commerce and enterprise software at Morgan Stanley Dean Witter. He believes the use of Y2K as an excuse for poor earnings "will be very widespread." But he doesn't see any sign of a real business slowdown: "The great majority of companies in my sector are hitting their numbers."<<< "But he doesn't see any signs of a real business slowdown"...ROTFLMAO...not yet...He will soon enough. I'm short three indices. Regardless of the daily gyrations the trend is decidedly down. (The last time I looked this was still Silicon Investor, no?...We can talk about trading can't we? <ggg>) I doubt we'll see a Santa Claus Rally. Most likely a Scrooge Correction due to y2k fear and loathing.

To: JBTFD who wrote (8958)	10/20/1999 4:50:00 PM
From: flatsville	Read Replies (2) \| Respond to of 9818

Well, I hear that IBM just met estimates excluding gains, but said "they would feel the affects of a Y2K slowdown in the 4th quarter". (It was selling off in after-hours and now is halted. Down 4 3/4 to 108 from market close.) So they've given it a last cigarette, a blindfold...It's standing in the courtyard waiting...I hear it asked for a priest. ---------------------------------------------------------------------- biz.yahoo.com Fair Use/etc... INSTANT VIEW/IBM earnings beat estimates NEW YORK, Oct 20 (Reuters) - Technology bellwether International Business Machines Corp. on Wednesday posted third-quarter earnings of 93 cents per share that beat the average Wall Street estimate of 90 cents per share, according to research firm First Call/Thomson Financial: Revenues were expected to be $21.7 billion, according to First Call/Thomson. IBM reported sales of $21.2 billion. The following are analysts comments: BILL MILTON, COMPUTER ANALYST AT BROWN BROTHERS HARRIMAN & CO. ''We're going to get some rough sledding here with revenues being lighter than expected and the Y2K problem hurting the fourth quarter.'' ''It seems like they're talking down the fourth quarter.'' DAN NILES, ANALYST WITH BANC BOSTON ROBERTSON STEPHENS ''This is even uglier than I expected. This is not ibm specific, it's an industrywide problem and they're finally admitting that they have issues. We're going to have to take our numbers down. This is what we were looking for.'' ''I thought they would squeak through on the third quarter.'' ''They said they're blowing the fourth quarter even worse than I had expected.'' (Note: this article is ''in progress''; there will likely be an update soon.) No! No! Stop! I can't take it any more...ROTFLMAO Who said analysts don't have a sense of humor?