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

To: yard_man who wrote (3452)	7/10/1998 12:09:00 PM
From: Kevin Ose	Respond to of 8218

It appears the Merrill Lynch it trending towards positive on IBM - some other interesting views at this site, FYI: (Yahoo) messages.yahoo.com@m2.yahoo.com (See one post speculating +30% further stock growth by YE98, and another suggesting as high at 185-200 by YE98! Dramatically increasing successive bullish quarters upcoming ??!) KO

To: yard_man who wrote (3452)	7/10/1998 12:50:00 PM
From: Arrow Hd.	Read Replies (1) \| Respond to of 8218

Tippet, Milunovich from Merrill was the same guy who lowered his earnings for the quarter from 1.52 to 1.45 stating that Asia was going to be a bigger problem than anticipated. That is what started IBM falling below 110 and set off a lot of the sell-side indicators. Now he is backing off since he is below the quarterly mean of 1.47 and is concerned that IBM will exceed the number. IBM will exceed but only by a few cents. I had a post a few weeks back on my thoughts on this whole process. At the time the mean was 1.50 and I was at 1.51. With the mean at 1.47 I will adjust to 1.50. That said, Asia is a problem and so will revenue with low single digit growth. But that will be shrugged off and we will get a summer rally with a new high topping off in the low to mid 130s. Now is that going out on a limb or what! Anyway, we'll have some fun here and see if we can all make a little money at the same time. On another point, I have some knowledge of Internet architectures and as it stands today, a large percentage of transmissions into the Internet goes through an IBM or IBM compatible mainframe before it comes out the other side to the addressee. Sure, there are lots of servers and so on that are on both sides of the transmission but somewhere the traffic volume has to be handled by a central processor and it is invariably a multi-engine, water-sucking (air with the CMOS line) heavy duty, MIP chugging, mainframe.