Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Arrow Hd. who wrote (7010)	12/15/2000 2:11:53 PM
From: John Koligman	Read Replies (1) \| Respond to of 8218

CSFB thinks IBM will miss the revenue number... Regards, John December 15, 2000 Dow Jones Newswires IBM Can't Avoid Industry Downturn, CSFB Analyst Says Dow Jones Newswires NEW YORK -- International Business Machines Corp. (IBM) can't avoid "deteriorating industry fundamentals" in the fourth quarter, and its revenue could fall short of analysts' expectations, Credit Suisse First Boston analyst Kevin McCarthy said Friday. In a research note, McCarthy said there is softness in the enterprise and commercial markets for IBM's computer products and services. McCarthy estimated IBM's fourth-quarter revenue will be $25.75 billion, short of the Wall Street consensus, which he said was $26.75 billion. IBM shares recently traded at $87.44, down $5, or 5%, on volume of 8.6 million, compared with the daily average of 7.5 million shares. McCarthy has a "hold" rating on the stock, with a price target of $85. McCarthy's cautious comments came in a note outlining details of IBM's newest G7 version of its 2/390 mainframe computers, branded eServer z900, which began shipping Thursday. IBM also began shipping an enhanced model of its Shark storage-area-network server, McCarthy said. McCarthy said the eServer z900 won't contribute significantly to results until the second quarter of 2001. He said the new product shipments are "in line with expectations."