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

To: Jules B. Garfunkel who wrote (6527)	7/2/2000 10:33:47 AM
From: Arrow Hd.	Read Replies (1) \| Respond to of 8220

Jules, it is possible that milunovich was above concensus with his revenue projection and has now come in line. As far as EPS, IBM will meet or beat the concensus. The second quarter is considered a transition quarter. As far as selling Red Hat, I have no idea what is behind it. IBM has a venture capital operation and owns pieces of lots of companies which they buy and sell every quarter. But that will become a quality of earnings issue as the focus will be on continuing operations. Jules, as you know, there are a lot of companies who demonstrate quarterly that they are clueless with regards to making numbers and meeting Street concensus. If IDTC had a fraction of the Street smarts that IBM has we would both be immeasurably richer by now so in my mind it is hard to complain on one thread that a company which has Street smarts uses it and then on another thread that the management team sucks because they don't have it. I think we have a consistency issue here. Time for the second quarter guesstimate. Revenue = flat YOY. Earnings = beats concensus by .02 cents. Margins = slight erosion.