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

To: Stephen M. DeMoss who wrote (7245)	8/4/2001 3:55:31 PM
From: kvkkc1	Read Replies (4) \| Respond to of 8220

I was mad as hell about Barron's when they came out with the article on CSCO and it being a house of cards. In the end they ended up being correct. I feel similarly about IBM being overvalued based on their actual growth. And yes I am holding puts. I don't think it's terribly overvalued, but could easily see it back around mid-80's to mid 90's, given the predicted slowdown in revs, the slow growth in earnings, and the general worldwide recessionary trends that currently exist. Consulting services are an easy one to put on the chopping block when there are massive layoffs taking place in many big name tech companies.knc