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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (62689)	5/7/2002 8:40:09 AM
From: sylvester80	Read Replies (1) \| Respond to of 99280

lol. Whatever it is, futures are up now at their highest level of pre-market so far. <g>

To: augieboo who wrote (62689)	5/7/2002 8:49:17 AM
From: john722	Respond to of 99280

IBM From Briefing: " The Wall Street Journal reports that CEO Palmisano delivered a gloomy outlook for tech spending to employees on April 24 and said the co will have to "pare back" its operations, given the outlook. "It's clear that the industry isn't bouncing back this year," and he added that the tech sector is "not going to be growing at 10-11% next year either," meaning it will remain below its historical growth rate. A spokesman said Palmisano's remarks "are consistent" with earlier statements that IBM is comfortable with analysts' forecasts that it will have earnings of $4.11 a share this year, down from $4.35 a share in 2001. Palmisano said he isn't sure whether the IT industry will decline again this year, stay flat or rise modestly, and said the economic climate remains bleak."