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

To: Arrow Hd. who wrote (6499)	6/27/2000 10:45:00 AM
From: art slott	Read Replies (1) \| Respond to of 8218

Arrow, it was blamed on the currency situation, primarily in Europe. He did reiterate a postive 2nd half.

To: Arrow Hd. who wrote (6499)	6/27/2000 2:04:00 PM
From: THE WATSONYOUTH	Respond to of 8218

Re: "If someone finds the actual release please post it. Thanks in advance." quote.com Zero revenue growth accompanied by layoffs in this industry at this time is a clear testament to senior level management's utter and total FAILURE. IMHO THE WATSONYOUTH

To: Arrow Hd. who wrote (6499)	6/27/2000 2:29:00 PM
From: twillowy	Read Replies (1) \| Respond to of 8218

Arrow, The ghostly ML's Malenkovic used to make me angry in the past, but I have learned that those suckers get the numbers somehow under the table, ahead of everybody else. So the only party to be blamed again is IBM's leadership. How can you possibly grow a $90B gorilla 10, 15 or 20% every year? I am really curious how come LG is not getting it: he has to spin off the gigantic machine. It just seems to be a must. twillowy

To: Arrow Hd. who wrote (6499)	6/27/2000 4:38:00 PM
From: Joseph Pareti	Read Replies (1) \| Respond to of 8218

apparently ML doesn't listen ... "Although Chief Executive Officer Louis Gerstner said in May he has no concerns about services, we do." this doesn't come from the same mouth i was familiar with (namely Tom Kurlak, ML) but there is a point in common, i.e. STUBBORNLY IGNORE THE COMPANY's GUIDANCE. i made a profit on intc by doing exactly the opposite as ML inspired to; would that be the same with ibm ?

To: Arrow Hd. who wrote (6499)	6/27/2000 9:46:00 PM
From: art slott	Respond to of 8218

IBM sinks on analyst comments By Reuters Special to CNET News.com June 27, 2000, 3:50 p.m. PT NEW YORK--IBM shares fell today after a top Wall Street analyst cut his estimate for second-quarter revenue growth, citing the effect of currency exchange rates and a slowing computer services market. Shares closed down $5.13, a dip of 4.3 percent, to $110 on the New York Stock Exchange. ? Get the "Big Picture" ? Related News ? Message Boards Quote Snapshot IBM 109.75 -4.66 Enter symbol: ú Symbol Lookup Quotes delayed 20+ minutes "We are reducing our second-quarter revenue forecast by $420 million due to a stronger-than-expected adverse impact from currency and services risk," Merrill Lynch analyst Steven Milunovich wrote in a note to clients. Milunovich scaled back his forecast for overall revenue growth in the second quarter to 1 percent from 3 percent, and services revenue growth to 3 percent from 5 percent. "Although chief executive (Louis) Gerstner said in May he has no concerns about services, we do," Milunovich said. "It is confusing why CEO Gerstner said he has no concerns about services, then the major players see a slowdown." Milunovich referred to slowdowns reported by EDS, Computer Sciences and Perot Systems. Adding to IBM's second-quarter woes were the relative strength of the 1999 second quarter, a slowdown in legacy system integration and the end of Year 2000 procurement business, he said. Although contract signings--with new orders driven by an increasing flow of international outsourcing contracts--might reach close to $11 billion in the second quarter, he said this does not cause a corresponding rise in services revenue in the short run. "It appears that the gap between order and implementation is lengthening in the more mature U.S. market," he wrote. He also was concerned about second-half estimates for 10 percent growth for the third quarter and 14 percent growth in the fourth quarter. Story Copyright ¸ 2000 Reuters Limited. All rights reserved. Get the Story in "Big Picture"