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

To: Don Hurst who wrote (4816)	3/19/1999 3:28:00 PM
From: J R KARY	Respond to of 8218

Always happens at opts expirs - not any hint in IBM's shelf offering Would IBM float a shelf issue to a major brokerage house which pays interest and not disclose a significant revenue downturn: sec.gov Latest amendment of sale to Solomon Smith Barney was on 3/16/99 who will re-sell these notes . IBM was heavily bought at $166 recently - Wonder if Morgan Stanley had a "agenda" today ? Jim K.

To: Don Hurst who wrote (4816)	3/19/1999 4:29:00 PM
From: Arrow Hd.	Read Replies (1) \| Respond to of 8218

I do not believe there is any services slowdown. In fact, what CNBC was reporting does not match what Morgan Stanley stated. CNBC said there was margin pressure and I believe MS said there was no margin pressure. Neither is totally correct but any price attrition in the Server hardware sector is going to affect margins and the servers still produce good profit. How would you like to be a Dean Witter retail customer with in the money calls and have this dope come out with an "institutional" call to the MS internal institutional reps at 2 pm with none of the retail reps getting any info but what comes through the rumor mill. How would you like to be a DW retail account exec and have to find out about this on CNBC and then scramble to get to your accounts that either are long IBM or own the calls. I have to believe there will be major static from their clientele. If I had my balls cut off like that I would be at their headquarters in person.