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

To: hdl who wrote (8045)	4/14/2005 9:19:13 PM
From: Arrow Hd.	Respond to of 8218

After tonight, so will a lot of other tech companies. The economy is slowing and there has been growth in tech only in specific situations. This was a very hard quarter to call. I have a sense they may have decided to clean up some things since they decided to start expensing options. If you are going to miss it is better to miss by a lot by keeping the backlog clean than to stretch and still miss by a penny. I would expect the second quarter to be better. Talk the street down and then beat the estimates. By then the expensing options issue will be absorbed and the new bars will be in place prior to when every other company starts expensing options later in the year. The second half of the year for IBM should be better anyway. I have no positions.