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

To: Arrow Hd. who wrote (4821)	3/19/1999 9:45:00 PM
From: M CAHILL	Read Replies (2) \| Respond to of 8218

So do I buy now or what?

To: Arrow Hd. who wrote (4821)	3/20/1999 4:45:00 PM
From: Don Hurst	Read Replies (1) \| Respond to of 8218

After the close on Friday you may have seen Dan Niles on CNBC talk about IBM. He is the analyst that forecast the revenue shortfall on Dell last qtr and is now the hero of this instant. He said he had made some negative comments about IBM 1st qtr on Wednesday and he mentioned pricing pressures on the 390 plus AS/400 and general problems with the PC Mkt were problems for IBM, particularly since 45% of revenue is still hardware. He mentioned that someone (maybe ML, can't remember) was predicting 20% services growth (he thought that could be a couple of points too high) but it would not be enough to offset hdware slowdown and possibly weakness in software sales also. I think he said that software is about 16% of revenue. Anyway he also said that you would probably see on Monday a whole bunch of analysts doing the CNBC penguin (my words) act and then all the bad news would be out. He further said that IBM below 170 looks good to him. Well maybe I will make a few bucks because IBM will beat revised downward estimates and can get out before the Y2K data center freeze becomes the big analyst topic, a real one in my opinion. Regards, Don