Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Don Hurst who wrote (3220)	6/8/1998 12:00:00 PM
From: J R KARY	Read Replies (1) \| Respond to of 8218

Don 2 weeks to opts expirations - INTC/FTC has IBM's bears worried Guess Jules is preoccupied today awaiting news on whether the FTC sues INTC , so it may take a while before we hear some negative predictions on IBM from him . With IBM's super-servers shipping , aggressive PC selling and its buy back in place , it is doubtful that IBM will take a near term hit along with the "over-touted techs" . IMO , Gerstner's filed intention to sell almost assures a stable price and the opt exp peg will either be just under $121 or $116 . ( I hope , but don't expect unless (INTC) news < $126 ) Regards, Jim K.

To: Don Hurst who wrote (3220)	6/8/1998 6:31:00 PM
From: Arrow Hd.	Read Replies (1) \| Respond to of 8218

IBM, as most large multi-national companies do, has a very sophisticated trading operation from which they do their stock buyback programs, hedge currencies among other trading activities. On balance the strong dollar does more damage than help. The "constant currency" quote is the number that would have been made if the dollar had not moved up (if it was the same as it was in the comparable quarter). It is a bogus, feel-good number. If it was important from a financial standpoint there would not be as much preoccupation with what the Yen and Dmark are pegged at.