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To: Sonki who wrote (16405)	1/20/1998 7:31:00 PM
From: Sonny McWilliams	Respond to of 27012

Sonki, IBM was halted after hours. They came in 4 cents under if they take this diluted share stuff. Otherwise they would have been 1 cent over, undiluted. I have not had a chance yet to look at the final conf.call about forward looking stuff. IBM bought 2 bill. worth of stock back. It was a mixed picture in their sales but all in all I don't think it looked too bad as far as I can tell without looking at the rest. I think it was down before it was halted. We need CPQ to have good earnings before the bell otherwise we will be doomed. gg. GLM. Sonki, Glm ended up at 24 7/8 as far as I could tell. My ticker was out for a while. Anyhow, that's what NBR said. I think 25 is too early. I let you know when I go out. I am thinking of trading this stock. But don't wait for me if you feel uncomfortable. Anyhow, I just heard that GLM said that they are comfortable with the 2 doll. or so earnings the street is expecting for the year. That would be a very low PE. I do think those stocks will go back up close to prev. highs. At this point I am looking at about 30 for trading purposes. Some say into the mid 30s. I will go day by day. GLM has a buy by some analysts. Value Line likes RIG as a deep water driller. But Abbey Cohen liked my GLM even for the long term. The drugs were really cheap back then not high at all. Asnd came in better and LU in that sector came in great. So Ascnd has its possibilities. I can't buy Asnd or APM until FEB 1, otherwise I can't use the off-set. Asnd is going up on me. It was over 31 after hours. I don't know about Nvls. Be careful. The CFO or CEO forecasted a flat qtr. 40% of their business is in Asia. ML says Asia troubles are over but we know what ML knows. gg. If it had not been for Asia Nvls would have blown the numbers out of the water. But it has Asia. gg. I don't think Asia will be that bad for cos. but this CFO says it hurts them. Are we going to argue with him? gg. Maybe later on in the qtr. you may want to look at it. I don't even know how Nvls did today. I know Amat was up. I would think that's a better play and a cheaper stock price. I think we will know more tomorrow. Read the articles that will be out about NVLS. I have not read any just listened to all the talk. Psft. I heard in the meantime that it is the most expensive of the bunch. Sorry, did not know that when I posted the recomm. from Abbey. Keep an eye on that too when you made a cpl. of points if it is a trading stock for you. I have my core holdings but I will have to trade more this year to make up for the lost profits in 97. The techs did me in. Sonny

To: Sonki who wrote (16405)	1/20/1998 8:09:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Sonki, oops. IBM opened up again and was down over 6 points in after hrs. trading. The CFO said later on in the conf. call. that they will have a tough qtr. I think he talked about a 10 to 15 cents shortfall. I think that's what he said. But he sees recovery in the next qtr. Wow, wow, wow. And here all the analysts have been saying it's the next qtr. companies will feel the pinch. I think Asia is such a good excuse. Well, let's see what happens tomorrow. If IBM stays down or goes even lower it may be a good time to pick it up if you have the patience to wait for 1 qtr. I personally hope for a good earnings report from CPQ. I don't know if Europe was enough to do it for them. And good ol Lucy did not help either. I hope she did not hear something we have not. Funny time to rattle the sabre when it's time for earnings to come out. We will know soon enough. If that earnings report does not look good I will reach for the bottle. In that case don't look for any posts. gg. Sonny