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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: eichler who wrote (79602)	7/6/2001 9:16:42 PM
From: puborectalis	Read Replies (1) \| Respond to of 99985

Breaking News Goldman Trims Outlook on IBM July 6, 2001 By Donna Fuscaldo Dow Jones Newswires NEW YORK -- Goldman Sachs Group Inc. analyst Laura Conigliaro has trimmed her earnings estimates for this year and 2002 on International Business Machines Corp. and other computer-hardware companies, saying Friday that the second quarter is showing similar or deteriorating trends compared to the first quarter. The high-profile computer hardware analyst now expects IBM (IBM) to post 2001 earnings of $4.73 a share, down from a previous estimate of $4.77, and 2002 earnings of $5.45 a share, five cents lower than her previous estimate. Ms. Conigliaro did keep her U.S. "Recommended-for-Purchase" rating on the company. In a research note, the analyst said that while the U.S. is showing "sporadic signs of stabilization, this is occurring at very low levels." She noted that the negatives during the June quarter include Europe, where spending by technology companies is slowing, pricing discounts are occurring and currency is an issue. The analyst also cut her estimates on EMC Corp. (EMC), which late Thursday warned that it would miss analysts' expectations for the second quarter by a wide margin, as well as Sun Microsystems Inc. (SUNW), Brocade Communications Systems Inc. (BRCD) and Network Appliance Inc. (NTAP). Ms. Conigliaro's steepest estimate cuts were on EMC, which she now has posting 2001 earnings of 40 cents a share, down from 73 cents a share. As for 2002, the analyst is calling for EMC to post earnings of 55 cents a share, well below her earlier estimate of 90 cents a share. "EMC's preannouncment of a substantial [second-quarter] shortfall was surprising only in magnitude, raising questions about its model in terms of pricing, growth and sustainable gross margin," she wrote. Write to Donna Fuscaldo at donna.fuscaldo@dowjones.com Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved.

To: eichler who wrote (79602)	7/6/2001 9:49:06 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

...then you have to read several posts practically calling you out here...only to get dumped on after you appear. It's not fair, I tell you! ggg Anyway, don't let it bother you...I suspect you have had plenty of practice as far as having to deal with unpleasant posts...>> eichler, nothings fair, damm they promised american's with spirit and cash on hand to become investor's in the new economy just as it was topping, stuart from ameritrade, al the tow truck driver, these pied eyed pollyanna's are just getting back what they dished out to realists (pessimists -g-) as the market was topping out, it's karma moondude. bears make money, bulls make money, pigs get slaughtered. i have nothing against american spirit - i enjoy debating him actually, who is opinionated, which is good, and bad, stirs the drink. People with strong opinions get a lot of feedback, sometimes that feedback is pretty negative. a litle battle royale is gonna happen now and then =g= american spirit's capitulation is banked into the beara sentiment summer collection -g-, will we get a bear on the cover of the rolling stone this summer -g-

To: eichler who wrote (79602)	7/6/2001 11:49:01 PM
From: American Spirit	Respond to of 99985

I responded to this thread because someone asked where I was. Well here I am and this is what I'm thinking. It was a terrible day in the markets. I believe there are other reasons besides earnings that we are mired in a recession and malaise. Now that I am convinced (along with 55% of Californians according to last week's poll in the LA Times) that the "energy crisis" was a mammoth hoax, political power grab/attack and enormous gouging conspiracy (using that word will get me laughed at by some but who cares it's accurate) I see global economic problems at least partially created by the trillion+ dollars which were just siphoned out of our economies by the Texas-led oil cartels. No doubt in my mind the Arabs would go along with it, esp since Bush, Cheney and Powell saved their skins awhile back and it was payback time. In six short months more than a trillion was gouged globally and it's still going on to a lesser degree. In the end maybe a two trillion dollar shakedown of the world's peoples, just because American made the mistake of electing (if they really did win) two high-powered oilmen from Texas who came to dominate not only their party (most of whom are innocent of this) but with the Senate and Congress Republican (for awhile three anyway) virtually the entire US government, the most powerful body in the world. Put that together wil Arab oil and who could stop it? Jeffords may be the most important many of this year or decade. Think of the potential consequences now.