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

To: art slott who wrote (3327)	6/18/1998 6:04:00 PM
From: yard_man	Respond to of 8218

lot in those last two words, art. No sweat though, you are long at much lower prices.

To: art slott who wrote (3327)	6/18/1998 9:54:00 PM
From: j g cordes	Respond to of 8218

Art, you know I'm pulling your loyalty leg with this article. biz.yahoo.com Mexico City police search IBM's offices MEXICO CITY, June 18 (Reuters) - Mexico City police have searched the local offices of U.S. computer giant IBM in connection with a probe into the malfunction of a computer system for streamlining criminal investigations, authorities said on Thursday. Spokesmen for Mexico City's attorney general's office declined to go into details of the investigation but local press reports said the probe centered on the computer deal between former Mexico City officials and IBM executives. IBM said the deal was fair and it was working to correct some technical glitches. International Business Machine Corp.'s (IBM - news) Mexico unit last year installed a sophisticated computer network under a $26.7 million contract, justice officials said. The system, made up of 2,100 personal computers, aimed to link more than 70 offices of the attorney general in the capital and provide a database to streamline criminal investigations. But last month the head office of the attorney general pulled the plug on the system, named APCOP, saying it was poorly designed and inefficient. Police on Wednesday carried out a day-long search of IBM's Mexico City's offices and took away documents, officials at the Mexico City attorney general's office said. ''The APCOP system was not working and we are investigating,'' a spokeswoman for the attorney general said. IBM said in a statement that the system met the requirements of the contract and the price was fair. ''As with any complex systems integration project, some technical problems arise and need to be resolved,'' the company said. It said it was waiting clearance from the attorney general's office to correct the problems. The Mexico City probe comes after an Argentine judge issued international arrest warrants this month for four current and former IBM executives in connection with a bribery investigation. The judge said he suspected bribes were paid in 1993 to win a $250 million contract for IBM's Argentine unit to upgrade computers at a state-owned bank. IBM has denied wrongdoing in the case.

To: art slott who wrote (3327)	6/19/1998 1:41:00 PM
From: Arrow Hd.	Respond to of 8218

FWIW, I have seen no indication that IBM's IR has attempted to talk the street down with regards to second quarter earnings. The bottom line is that today's First Call numbers are within a penny for the quarter and the year of what it was back when Gerstner spoke with the analysts in mid-May. Only Milunovich went below the mean at 1.45 vs: 1.50. Conigliaro adjusted to be right at the mean. If I was an analyst I would be speaking to IR weekly and be a penny or two above the mean and forget about all the modeling crap. I think there should be a fairly good idea of how the quarter will turn out already. They know what hardware and software will ship, which services contracts will bill, MA and software revenue streams, etc. So my number is 1.51 for the quarter unless IR cautions and then I will adjust along with the rest of the herd.