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

To: Wayners who wrote (7259)	8/7/2001 6:15:15 PM
From: art slott	Read Replies (2) \| Respond to of 8220

>>At no growth whats this thing worth....book value? I don't know why but last time they had negative growth, it never went below $85.<< The best IT company in the world will retain support significantly above book value as long as there is no major loss of market share. IBM has been gaining market share inspite of the industry wide IT spending malaise. When the IT economy is in recession as it is now, one would expect IBM's growth to also slow. Institutions want to retain positions in companies that will pick up with the economy. Hope this helps. Art

To: Wayners who wrote (7259)	8/8/2001 9:14:32 PM
From: Arrow Hd.	Read Replies (2) \| Respond to of 8220

Hi Wayne, and welcome to the board. I think it will always be worth more than book but I believe 3Q will bring a reduced performance YOY for earnings and the revenue number will be challenged too. We are seeing this in the reduced estimates from analysts who glean every piece of info they can get from IR. Where the share price goes is unknown. I think it hangs around this area but it could go into the 90s if the market tanks. And if there is a rally look for the low teens. If you are an institution and need to own some technology your safe haven is IBM because over the nest year it is going to weather this storm. Short term, the third quarter is a challenge. All IMHO of course, always interested in other opinions.