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To: Bobby Yellin who wrote (43447)	10/21/1999 10:01:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116759

Actually, the fact that Big Blue is expecting flat earnings for the next several quarters could be construed as customers "locking in" in their systems for Y2K, making no more modifications or ordering equipment until they see what falls out in January. But what folks need to bear in mind is.. like everything else.. when the US gets the sniffles, the rest of the world gets the Flu... So is IBM is expecting flat earnings... should we suddenly believe Japan or Europe are the safe harbors that people think they are?? Say hello to T-Bills.. right now... Maria Bartiromo basically just came out and said that few people believe AG will raise rates in November due to these specific Y2K concerns. She then stated that "make no mistake about it.. .that's a positive for this market" and then followed up with "it also confirms that Y2K IS a real issue". (Nice of Maria to finally catch on.... :0) We are probably the most prepared economy out there with regard to Y2K (except those nations that lack computers of any kind... ;0) And if Y2K can do this to the US markets and a big stock like IBM.. just think what they will do overseas when they finally get the hint.. Regards, Ron