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

To: Lex Kroes who wrote (2933)	4/23/1998 1:41:00 PM
From: Arrow Hd.	Read Replies (2) \| Respond to of 8218

Lex, you led with your chin on this one. Not only do I remember but I was there selling the first S/360 Model 20 to a Wall Street firm. I was there for every transition. There was no price attrition in the 60s and 70s. IBM raised prices in those days. And there was never a quarter over quarter increase in mainframe MIPs shipped of 45%. The first period of this level of MIPs increase was experienced with the relatively recent introduction of the S/390 family of 9672 CMOS mainframes. Since there are no upgrades from Bi-polar, all sales are on a gross basis except for trade-ins, due to technology differences. Also, I have owned IBM since the 60s and there was no quick doubling or trippling of the stock price. There were many periods where the stock stagnated while money poured into what was hot at the time: The Bunch companies in the 70s, DEC and Wang in the 80s and so on. I remember those 400 dollar per share days. Even on a split basis and some subsequent rallies it took a long time to recover. So do some homework before you flame away.