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To: Jock Hutchinson who wrote (24074)8/28/2001 2:38:10 PM
From: sea_biscuit  Respond to of 25814
 
Dipy likes to use IBM as an example of why not to purchase tech stocks, but the fact is that IBM made horrific mistakes that profoundly benefited INTC and MSFT, and if one had doen his/her due diligence in much the same manner...

Actually, IBM is the "best-case" example, because it is still around and it is still in the Dow. There are a lot of names that have fallen by the wayside. Those are the norm. IBM is the exception in that it was a survivor. The fact that even the survivor didn't do all that well should tell us something.

As to switching from IBM to INTC/MSFT at some point, that seems delightful... in retrospect. I haven't heard of any investor or fund manager who managed to accomplish that. Most of the people who got rich off of INTC/MSFT have been insiders who accumulated stock options and cashed out as the stocks went higher.