Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Smart Investor who wrote (5728)	10/21/1999 10:54:00 AM
From: MichaelW	Read Replies (2) \| Respond to of 8218

IBM is still into mainframes, something that's much less Y2K compliant than PC's. Hope this helps, but I'm not an ANALyst.

To: Smart Investor who wrote (5728)	10/21/1999 10:55:00 AM
From: Hyperpy	Respond to of 8218

200 mil over the est . S&P , they just want it cheap that's all. IBM (IBM): Reiterate Analyst: Megan Graham-Hackett Comments: Q3 oper. EPS of $0.90 vs. $0.78, in line... Q3 revs. up 5%, just below our 7% est... Hardware revs. fell 1% vs. our projected 1% rise... Co. says Y2K has caused deferral of mainframe sales... caused Services rev. to grow just 11%... also hurt gross margin at 36.5% (ex. write-off) vs. 37.2%... still, oper. income came in $200M above our est. on expense control... Co. sees Y2K hurting next 2 qtrs... Lowering Q4 est. to $1.07 from $1.34, '00 est. by $0.15 to $4.35... Despite speed bump, at 24X '00 est., E-commerce leader undervalued.

To: Smart Investor who wrote (5728)	10/21/1999 10:58:00 AM
From: Greg R	Read Replies (3) \| Respond to of 8218

Y2K is a software problem. You fix it by replacing old software. You do not fix it by creating the instability caused by replacing Y2K compliant hardware at such a critical time. If you want to see Y2K impacts, watch MSFT next year. Right now people are upgrading their software to make it Y2K compliant and MSFT is laughing all the way to the bank. Next year, they won't have to upgrade software sales will be very soft. If you want something to short, consider MSFT.

To: Smart Investor who wrote (5728)	10/21/1999 11:53:00 AM
From: art slott	Respond to of 8218

Maine said IBM's difficulties in the upcoming quarters were concentrated in the finance and insurance industries, where the mainframe computer maker has a disproportionate market share compared with other computer companies. "Year 2000 is particularly acute to us, being so heavily weighted in these markets," Maine said of how many of these customers have locked down spending on new computer systems while they fix their older mainframes and related systems. >>Why MSFT is not affected? Just admit you are not doing the job, and do not blame Y2K as other chicken little companies.<< And I might add, a very large part of MSFT's business is a monopoly.

To: Smart Investor who wrote (5728)	10/21/1999 1:30:00 PM
From: Bill Martin	Respond to of 8218

Re: IBM is blaming its poor result on Y2K, how ridiculous? Why MSFT is not affected? Well, do you think there's any possibility that the PC software market sometimes acts differently from the mainframe hardware/software market, the disk drive market, the midrange market, the semiconductor market, the services market and all the others that IBM is in? IMHO, I'd say that it's pretty ridiculous to expect MSFT and IBM to have the same customer set given how different their product lines are. MSFT and DELL maybe. MSFT and INTC perhaps. But not MSFT and IBM. Or MSFT and UIS, or MSFT and SUNW, or MSFT and EMC or MSFT and most tech companies for that matter. Bill