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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (3804)	10/30/2002 7:47:32 PM
From: XBrit	Read Replies (2) \| Respond to of 25522

Yeah, Palmisano's speech was a bunch of empty platitudes and marketing horse-doodey. "...technology that is based on open standards, can easily be integrated, and can identify and fix problems itself." Gee, one example which fits that description perfectly is a disk drive. Oops. Other open standard items include PC's, commodity chips etc. Obviously that's the kind of biz IBM wants to be in, NOT. They're systematically dumping those commodity businesses. If Palmisano really believed he wanted low-margin commodity computer systems, he would be a candidate for the Carly Fiorina memorial fk-up award. However, since he sees the profit and loss numbers, obviously he doesn't believe a word he's saying. Proprietary systems (mainframes, storage, databases, etc etc) still rule, profit-wise. IMO, IBM is an excellent short somewheres in the 78-81 range. [Disclosure: former IBM employee, as of 8 yrs ago. Have attitude. Have short position.]