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

To: Arrow Hd. who wrote (5775)	10/22/1999 10:56:00 AM
From: Sam Citron	Respond to of 8218

AH, Good points. I suppose mainframes can be seen as more of a cash cow for IBM, even though the sales growth numbers seem disappointing. Thanks for your comments. IBM looking stronger today but will probably retest lows before sustained up move likely. Sam

To: Arrow Hd. who wrote (5775)	10/23/1999 9:29:00 AM
From: Ray	Read Replies (2) \| Respond to of 8218

Hi Arrow! Absolutely correct in your post! I am a "semi-retired" IBM large-system CE - retired in one of the company's programs to cut head count several years ago, now working as a "retired supplemental contract" employee for them again. Have been busy - VERY busy - working on upgrades & installs related to Y2K issues for the past 2 years or so. (seems that when they offered all of us "old farts" easy out retirement terms, they were left with too few folks trained on the "old iron" to handle the Y2K stuff) Most people outside the industry have little or no idea at all how extensive IBM's business is, and how many phases of it the company is in to. From my perspective, which is of course positively biased toward the company, IBM is a SCREAMING BUY at this level. In fact, I just did, at 90. I have IBM stock in my portfolio that cost me as much as $360 a share (pre split basis) and as little as $40...again on a pre split basis. The company remains a HUGE income producer, and the demand for mainframe enterprise machines is still growing...just not as fast as in the past. After all, when a large corporation has its large network of scattered enterprises all over the world running, it still has to "tie together" somewhere. Best Regards Ray