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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: tom rusnak who wrote (73943)	1/18/2000 4:23:00 PM
From: Earlie	Respond to of 132070

Tom: Have pals of mine down in your part of the world sailing in the Tornado Catamaran World championship, prepping for the Olympics, so I get the emails which include those marvellous temps. Sure makes me envious. IBM is my numero uno d-o-o-t-m- put target. Everything I get in the door about those guys shows that they got hurt MORE than their warnings suggested. The market has given short shrift to those warnings, but if it is nasty enough, the stock price could be really ambushed. Louis is the master of the accounting scam, and you have to believe that the accountants have been working overtime, but big falls in maintenance, mainframe, PC, server, and semi businesses will be hard to mask. It will require a Houdini performance this time IBM is a real heavyweight. If its stock takes a pounding, it could migrate to others. The put options are not cheap, but they aren't outrageous, given the degree to which this stock is disconnected. Best, Earlie