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

To: yard_man who wrote (3533)	7/20/1998 6:13:00 PM
From: art slott	Read Replies (2) \| Respond to of 8218

" Need" to here to maintain growth model. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Wall Street generally expects a brighter second half for IBM as key concerns weighing down second-quarter results are lifted in the current third quarter and future periods. "You have all these near-term issues that start to go away," Bear Stearns analyst Andy Neff said, citing the progress IBM has made in slashing PC inventories and the acceleration in revenues likely to occur when new mainframes ship in August. "IBM is in the strongest competitive position it's been in in five years," Neff said. Story Copyright c 1998 Reuters Limited