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


To: Kevin Ose who wrote (3906)10/9/1998 9:27:00 AM
From: surfinSteve  Respond to of 8218
 
IBM news: biz.yahoo.com

Market open looks strong:

CME Globex Futures
9:14:40 AM S&P 500 DEC98 980.00 +1070, NSDQ100 DEC98 1165.00B +2400
9:11:12 AM S&P 500 DEC98 978.50 +920, NSDQ100 DEC98 1161.25 +2025
9:04:49 AM S&P 500 DEC98 978.00 +870, NSDQ100 DEC98 1161.50A +2050

NIKKEI 225 INDEX (IND:^N225) Cls 13026.06, Opn 12923.45, YTD 12910.27 - 17352.95
2:03AM 12879.97, Chg -146.09 (-1.12%), Rng 12787.90 - 13301.53

HANG SENG INDEX (HKG:^HSI) Cls 7939.51, Opn 8026.17, YTD 6544.79 - 11926.16
4:00AM 8506.79, Chg +567.28 (+7.15%), Rng 8026.17 - 8527.01

SSE COMPOSITE (SHS:^SSEC) Cls 1228.710, Opn 1231.942, YTD 1043.022 - 1422.979
3:00AM 1236.932, Chg +8.222 (+0.67%), Rng 1229.846 - 1241.050

TAIWAN WEIGHTED (TAI:^TWII) Cls 6970.23, Opn 6990.06, YTD 6219.89 - 9378.52
12:03AM 6944.17, Chg -26.06 (-0.37%), Rng 6893.75 - 7064.83

DT. AKTIEN INDEX (FRA:^GDAX) Cls 3896.08, Opn 3985.02, YTD 3833.71 - 6217.83
9:24AM 4009.19, Chg +113.11 (+2.90%), Rng 3911.40 - 4030.01
9:23AM 4009.19, Chg +113.11 (+2.90%), Rng 3911.40 - 4030.01
9:23AM 4009.88, Chg +113.80 (+2.92%), Rng 3911.40 - 4030.01

SWISS MARKET IND (ZRH:^SSMI) Cls 5293.7, Opn 5386.0, YTD 5108.3 - 8489.0
9:24AM 5475.1, Chg +181.4 (+3.43%), Rng 5307.0 - 5496.4
9:24AM 5478.7, Chg +185.0 (+3.49%), Rng 5307.0 - 5496.4
9:23AM 5478.7, Chg +185.0 (+3.49%), Rng 5307.0 - 5496.4

MOS TIMES INDEX ( :^MTMS) Cls 191.54, Opn 194.58, YTD 172.53 - 843.05
5:28AM 194.58, Chg +3.04 (+1.59%), Rng 194.58 - 194.58

CAC 40 INDEX (PAR:^FCHI) Cls 2959.97, Opn 3020.97, YTD 2809.73 - 4404.94
9:24AM 3074.33, Chg +114.36 (+3.86%), Rng 3040.55 - 3105.43
9:23AM 3075.23, Chg +115.26 (+3.89%), Rng 3040.55 - 3105.43
9:23AM 3080.44, Chg +120.47 (+4.07%), Rng 3040.55 - 3105.43

home.att.net



To: Kevin Ose who wrote (3906)10/9/1998 1:10:00 PM
From: Kevin Ose  Read Replies (1) | Respond to of 8218
 
IBM: Big, Blue Rock of Gibralter

"The stock market is getting creamed these days, and the tech sector is especially hard hit. Even the premiere high-tech names are
falling victim to the bear now. Microsoft (Nasdaq:MSFT - news) , Intel (Nasdaq:INTC - news) and Dell (Nasdaq:DELL - news)
are down 20%-30% from their highs, and Cisco Systems (Nasdaq:CSCO - news) is down 35%. But so far International Business
Machines (NYSE:IBM - news) is holding up pretty well, down just 10% from its highs and still up 18% on the year. Big Blue is apparently viewed as a safe haven
because of its steady, reliable business.

There is a saying: "Nobody ever got fired for buying IBM." The phrase normally refers to corporate staff buying computer systems, but perhaps fund managers
figure it now applies to buying the stock as well. There is another saying: "There is comfort in earnings." IBM definitely has them, with earnings per share of $6.17 in
the past twelve months and a consensus estimate of $7.46 for next year. Since a lot of investors are looking for comfort right now and since there is comfort in
earnings, some are obviously finding their way into IBM."

fnews.yahoo.com