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To: David Semoreson who wrote (164781)	5/9/2002 8:48:21 AM
From: Lucretius	Respond to of 436258

shockerrrrrrr

To: David Semoreson who wrote (164781)	5/9/2002 10:03:04 AM
From: Earlie	Read Replies (1) \| Respond to of 436258

David: Recall my earlier comments about IBM likely being forced to "warn" again.... (and this after its recent first "warning" in recent times). IBM's descent will pause on the mid forties, but we are going to see this piglet in the twenties before this is over and fairly quickly in my judgement. Hard to find a better target. And just to add icing to the bear's cake, one has to wonder how the company plans to service it's staggering debt load (which is very difficult for the average investor to understand, given IBM's arcane accounting practices), given its crumbling profits. Best, Earlie