Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (147802)	9/19/2002 2:06:36 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 164684

There is an article in the WSJ about EDS. This post on SI pretty much sums it up- Message 18008148 Also there is something in thestreet.com where they say EDS has no exposure to the economy. ("at last the street tunes in to EDS" -or something like that). I am not a street.com subscriber so if anyone can summarize the article for me, I'd appreciate it. Anyway, the net net is, EDS seems to be in many ways a financial services company and the loss reflects that partially- I don't know much about EDS... it is true they are experiencing weakness in core business as is everyone else but 0.60 decrease in earnings doesn't just "happen" like this unless you are playing with derivatives or something. I guess all I can say about IT infrastructure from an investment standpoint is that this is the consolidation phase and unless you are sure somebody is a survivor they are going to continue to go down it seems, and even some survivors appear to be going down. But in software (the business I know)- we pretty much know who the app survivors are, and these companies are dirt cheap and buying back stock so I'm not too bothered holding it. We're talking about 4 remaining companies in app software so pricing pressure will return eventually. I have an open order for more siebel at 7.50 but no execution, yet. Just trying to build a position in that one. If I had to short somebody here it would be BMC or CA. Hardware another story, I think these big systems houses might be in for more consolidation? IBM, HPQ, EDS, and I include Sunw in the list. BTW the oracle call wasn't as bad as the hpq call. They did say US business is stabilizing and apps business coming on. I suspect thats why psft,sebl,sap didn't crash they just sortof trended with the mkt. But europe is terrible apparently. L