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

To: Jacques Newey who wrote (7478)	3/4/2002 2:12:25 PM
From: Arrow Hd.	Read Replies (1) \| Respond to of 8218

Thanks for looking for the link. Probably restricted anyway. The only agenda I have is to provide information that is helpful in understanding IBM since I have a pretty good idea of how it operates. How someone views that information is something I have no control over.

To: Jacques Newey who wrote (7478)	3/5/2002 6:06:24 PM
From: Mike M2	Respond to of 8218

Jacques, fred Hickey has been interviewed in Kiplinger's personal finance - last spring? . Search Barron's he has been interviewed there a few times. He is one of the best tech analysts around. see my note to arrowhead. mike

To: Jacques Newey who wrote (7478)	3/7/2002 12:43:06 PM
From: Mike M2	Respond to of 8218

Jacques , try sending A Self addressed stamped envelope to the High tech strategist and ask for the Feb. issue. maybe they will send it to you. see my note to Arrowhd for the address. mike

To: Jacques Newey who wrote (7478)	3/7/2002 11:37:28 PM
From: Joan Osland Graffius	Read Replies (3) \| Respond to of 8218

Jacques, >>I suppose everyone has an agenda. IMO, Fred Hickey does not have an agenda. He does straight forward analysis on the tech sector. He looks at the supply and demand as well as capacity. He looks at the revenues of the major companies and relates it to history of the tech sector as well as comparisons to previous cycles. He also has excellent contacts in Asia, which is critical to knowing what is "really" going on in the industry. Fred digs through the 10k's and Annual reports. He is on the conference calls and integrates all this information together under one communication. I am not trying to be a jerk here but can not understand why anyone would own IBM. A person can just look at shareholder equity over the last 10 years and tell that the common stock shareholder is losing value of the investment. Look at the debt that has been accumulated and what that debt has been used for. Look at the sale of company assets over the last 10 years. The financial engineering of the balance sheet through using these sales to decrease SG&A and in the end taxes certainly has contributed to making the numbers look better. It will be up to someone smarter than me to judge if this is legal or not, but a shareholder IMO wants the entity behind the piece of paper he/she owns to be increasing in real value. Maybe my problem is I like to buy paper assets at a discount to it's underlying value and want this asset to have the capability to increase its value through its business instead of engineering the finances. The greater fool theory works for a while, but in my opinion it will catch up with this stock and there will be some pain before it is all over. BTW, Fred Hickey has made a ton of money for his readers and kept them out of trouble during the bubble. The cost of the newsletter is cheap. I do not know of anyone in the business that does the quality work that he does. Joan