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To: Venkie who wrote (90804)1/22/1999 10:32:00 AM
From: T L Comiskey  Read Replies (1) | Respond to of 176388
 
VENKIE......good call on BCMS.....up strong today.......T



To: Venkie who wrote (90804)1/22/1999 10:33:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 176388
 
Besides Dell all I have today is a bit of MSFT,ITWO and DCLK.<eom>



To: Venkie who wrote (90804)1/22/1999 10:49:00 AM
From: Mohan Marette  Read Replies (2) | Respond to of 176388
 
Did you say IBM disappointed,well looks like lots of analysts like IBM.

Friday January 22, 10:26 am Eastern Time

RESEARCH ALERT - IBM price target raised

NEW YORK, Jan 22 (Reuters) - Credit Suisse First Boston and Salomon Smith Barney on Friday both raised their targets on the shares of International Business Machines Corp. after the company reported better-than expected fourth quarter earnings.

-- Morgan Stanley also raised its target, but analyst Thomas Kraemer cut his rating on the giant computer maker's shares to outperform from strong buy.

-- Late on Thursday, IBM reported net earnings of $2.47 per diluted share, up from $2.11 a share, a year earlier. Wall Street analysts had forecast $2.45 a share, according to First Call.

-- Sales grew 6 percent to $25.1 billion, which was on the lower side of analysts' estimates. Total hardware sales fell 2 percent to $11.3 billion, while services revenues rose to $7.1 billion and software sales grew to $4.1 billion.

Mohan:Look at the price target from these guys.

-- CSFB's Amit Chopra raised his 1999 earnings estimate to $7.50 a share from $7.42 a share, and set a target of $230, up from $185. He reitterated his buy rating.

-- ''The quarter did make an important statement: software and services will drive IBM's business model,'' Chopra said. ''This model should generate a higher return on invested capital than its predecessor.''

-- Salomon's John Jones raised his target to between $230 and $240 from $215. He maintained his earnings projections and buy rating.

-- Morgan Stanley's Kraemer raised his price target to $210 from $181. No further details were available.


-- Shares traded on Friday morning at 183-7/8, off 13-1/8. IBM topped the most active list for shares traded on the New York Stock Exchange.