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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2726)	5/3/2002 12:02:33 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 2850

Hi John: We'll we discussed GE breaking 34 and its now @ 31. In my research (so this is just all my humble opinion) it seems the market is discounting JM's ability to continue to grow its earnings in the face of the decreasing profits of its power systems division (I beleive the GE position is its cyclical business will be picking up and more than offset the $1.5 BILLION). One other concern should be its insurance operations. It is not unheard of in the insurance industry for managers to cut the IBNR reserves to meet #'s. Look @ the charge in Berkshire from its Gen Re sub when they strengthened reserves (and not reserves related to 9/11 terrorism). Maybe there is a little bit of a bad surprise here as well. I still see it breaking the sept 21 low of 29 on this down move.