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To: fedhead who wrote (45373)	10/9/2008 1:15:23 AM
From: Bill Harmond	Read Replies (2) \| Respond to of 57684

I'm pretty sure that list, plus Amazon and a couple others are multi-cycle growth names. This was a financial event, not a capital-spending cycle (except for housing, of course).

To: fedhead who wrote (45373)	10/9/2008 1:18:05 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

8:06 IBM IBM preannounces Q3 EPS above consensus, revs below; reaffirms FY08 EPS (90.55 -5.10) Co preanounces Q3 EPS above consensus; co sees EPS at $2.05 vs $2.02 First Call consensus. Co provides downside revs guidance; co sees revs of $25.3 bln vs $26.5 bln consensus. Co also reaffirms FY08 EPS of at least $8.75 vs $8.76 consensus. The co's gross profit margin in Q3 was 43.3% compared with 41.3% in Q3 of 2007. Pre-tax income was $3.9 bln, an increase of 19% compared with Q3 of 2007. At the end of Q3, IBM's year-to-date free cash flow was ~$6.4 bln and its cash balance was $9.8 bln. The co's gross profit margin in Q3 was 43.3% compared with 41.3% in Q3 of 2007. Pre-tax income was $3.9 bln, an increase of 19%compared with Q3 of 2007.

To: fedhead who wrote (45373)	10/9/2008 11:52:51 AM
From: Doren	Respond to of 57684

I may be one of your suckers. I have a little Apple. I'm mostly cash and some art. Over on the Apple thread a couple of people have been buying. That's an incidental indication of course but it's something. I've been burned by selling in previous crashes. Both times I picked great companies. If I would have held I would have done fine but I needed the money and got scared. Don't now. I'm waiting to buy a little more. Not much. You scare me but I have to admit you've been right about a lot. This is one no one can see clearly though. There are both dark clouds and rainbows out there. But the weatherman is out to lunch.