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

To: Don Hurst who wrote (4375)	1/5/1999 4:44:00 PM
From: Don Hurst	Read Replies (1) \| Respond to of 8218

Looks like it took a day for Milunovich's price target increase to have its' effect. Regards, Don

To: Don Hurst who wrote (4375)	1/6/1999 9:34:00 PM
From: Ron	Respond to of 8218

IBM was down today for no apparent reason. I'll bet the reason was the PSFT acquisition rumor making the rounds on the street. IBM was down while PSFT was up substantially...on no apparent news. This could get very interesting...:) Shares of PeopleSoft (PSFT:Nasdaq) jumped more than 13% on talk that IBM(IBM:NYSE) would buy the Pleasanton, Calif.-based enterprise software company, says an analyst who asked not to be named and whose firm has no underwriting relationship with PeopleSoft. "That's the rumor going around Wall Street," the analyst says, adding that at this point, he did not want to speculate on whether such a tie-up would even make sense. A spokesman for PeopleSoft says the company does not comment on rumors - but that didn't stop the Street from taking a gamble. PeopleSoft shares closed up 2 1/2 at 21 11/16 after hitting a daily high of 22 9/16, the highest level since Nov. 19. PeopleSoft shares had been anguishing below 20 since early December on forecasts of a sharp slowdown for enterprise software sales in 1999. excerpt from the street.com

To: Don Hurst who wrote (4375)	1/8/1999 3:32:00 PM
From: Arrow Hd.	Respond to of 8218

Don, my apologies for not catching this post. I have been focused on a number of new positions and have not been active here. As for the EDS outsourcing win at St. of Ct. I really dont know the details. Usually it boils down to price and terms and conditions. For instance a major issue would be the employees since they are union and the state is going to be very circumspect with how that is handled. But generally if the margins arent there then IBM is willing to lose. There are some real dogs in Global Services' outsourcing portfolio due to "win at all cost" type deals. They dont do that anymore. The resource base is too stretched to allow for winning a marginal deal. Thats about all I can offer on this situation.