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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: BRANDYBGOOD who wrote (96865)	5/9/2000 7:36:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

DEFENSIVE POSTURING.. IBM 'no downside'? Are you sure? Posters are you noticing the almost haphazard remarks made by mutual fund managers on large cap stocks. I already quoted Bank of America's farcical calling an upside of '25%' before the downfall of the tech sector, now another one said, There is no downside on IBM. Another said I'm a buyer of CSCO BEFORE earnings. Being a trader AND investor (when possible) we always are careful to say 'do your own dd'.. and we never state 'absolutes' like that. Why do the managers dare make comments like that? Again, I think its a frantic effort to say "everything is under control", the upside is assured when in actuality we are not assured of anything save the fact that there is NO ASSURANCE at all. And give Alan Greenspan the credit for pretty much single handedly created an SOS when there is absolutely no need for such constaints and taking a perfectly good economy and fixing something that was not even broken ....... until now. To have bought IBM (IBM:NYSE - news - boards) ahead of CEO Louis Gerstner's annual meeting with analysts last year would have been a beautiful thing. Then, Gerstner's revelation that 20% of IBM's sales came from e-commerce was enough to drive the stock up more than 10% the following day. Don't expect the same thing to happen tomorrow morning, following Gerstner's address this evening before the analyst community at the Equitable Center in Manhattan. With the company coming off a couple of lackluster quarters, Sweet Lou was in relatively defensive position for much of the session, telling the crowd that the Y2K lockdown on corporate IT spending is a thing of the past. "We'll produce much better results as we move into the second half," he said. On the positive side, Gerstner spent time pumping the company's initiatives in the middleware software, Web hosting and server segments -- the last of which it expects to bolster on Thursday, when the company will unveil a mid-range server based on the same copper-ship technology used it its high-end S-80 server. Big Blue's boss offered no specific growth projections, but stressed that the company would maintain its long term target of "high-single-digit revenue growth and double-digit earnings growth."