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

To: Jim Higgins who wrote (3671)	8/5/1998 3:08:00 PM
From: Arrow Hd.	Respond to of 8218

Milunovich took his second quarter numbers down from above the mean to 1.45 which was below the mean (1.50). Then he started to hedge again on the upside and when the quarter was announced did more dancing with his final act of capitulation being the placing of IBM on their top list. If you want to put IBM on your focus list do it at the bottom of one of the volatility swings like at 110 not in the 120s. He did get a quick ride out of it through their vast retail franchise but you would think these guys could be just a bit more savvy in their timing. In one of my posts back in June I hypothesized about all these esoteric earnings models and guessed at 1.51 and then 1.50 in a later post with 4% revenue growth (constant currency) both of which were right on target and I have no model and no information. You get better info day in and day out right here on SI than you do from some wire house shill.