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

To: Charles Tutt who wrote (7579)	4/8/2002 5:34:49 PM
From: Arrow Hd.	Read Replies (2) \| Respond to of 8218

Well Charles, you are probably right about nobody caring. Anyway, I'll bite and give a guess about where we go from here. --They will meet the reduced estimates per today's guidance. --The CC will guide lower for the second quarter and for the full year. No meaningful visibility. --They will use the second quarter to clean up any write-downs left over to get to tangible book. --Analysts will reduce their earnings and price targets along with their ratings. --The stock drops further maybe to the high 70s. --Tech stocks with any IBM relationship will come under further pressure. Sectors will suffer some but already down YTD so IBM now joining the group not leading the group. --Palmisano will clear the deck for a 2H recovery. --Those looking for a long term entry will get a good price within the late April to May time-line. All IMHO only. Any other thoughts?