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

To: art slott who wrote (5780)	10/21/1999 9:03:00 PM
From: CJ Mark	Respond to of 8218

i am singing the blues, the big blues cj

To: art slott who wrote (5780)	10/21/1999 9:56:00 PM
From: WiseGuy	Read Replies (2) \| Respond to of 8218

>IBM will go up because on a valuation basis it is cheap >relative to the market. Would you bet all your money on it? Certainly IBM looks cheap, but it is cheap for good reasons. IBM appears to have a whole lot of company specific problems to deal with in the short-term, plus their mainframe demand is dropping like a rock due to Y2K. Certainly, IBM is one of those companies that has a good chance of turning things around, but large companies move slowly and there's just too much short-term + long-term uncertainties. >It certainly will now be easier imo for IBM to suprise to >the upside. I'm more worried about will they be able to meet Dec quarter number or will they have to guide the street down again? I would just stick to the strong stocks for now and wait until the time is right for IBM.