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

To: John Koligman who wrote (7655)	5/3/2002 2:04:15 PM
From: Captain Jack	Respond to of 8218

Something must be coming John as ibm looks like dead doggy doo... sadly I own a little <gg>. No bounce coming this time and MC of cpq says he is going after ibm after the merger,,, LOL!

To: John Koligman who wrote (7655)	5/3/2002 2:46:58 PM
From: Arrow Hd.	Read Replies (1) \| Respond to of 8218

Hi John, things do look bleak. The layoff scenario anymore is an ongoing phenomena. In Global Services if you are not on contract or billing someone somehow you are given notice and the notice period was cut last year. When you're told is when it starts so if you are on vacation you better get home and start looking internally for another home. Thats how it was explained to me. The hardware organizations work on E/R ratios so cutting costs is the only way to close the equation in this environment. With so much money moving out of techs into other sectors it is hard to predict rallies. A lot of stuff looks tempting. On a number of CCs that I listened to positive visibility statements were made along with a good report and after a day or two of up movement, bang, back down again so it is extremely difficult to bottom fish here. Take Sun, their succession planning is no different than IBM's but in down markets everything is suspect. Somewhere here Sun and EMC are going to be steals but I don't have a clue to when that will be. Tight stops and scalp a trade here and there on up days is probably the best that can be done right now. I am 98% cash.

To: John Koligman who wrote (7655)	5/6/2002 6:41:01 PM
From: John Koligman	Read Replies (2) \| Respond to of 8218

Arrow, in regard to my post on the '70's arriving, that didn't take long at all <gg>. IBM traded like a NASDAQ telecom stock today, down 6%. Unusual for it to trade like this on no news, but then who knows what might be circulating around the trading desks. Only larger % hardware loser I can see today was SUNW at 10.20%, now trading at 6.08.... Regards, John PS - I should say the only news I saw was a DJ realtime blurb on 'margin worries', and the Dataquest report stating workstation revenues were down 5%...