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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (11307)	3/25/1999 8:30:00 AM
From: kendall harmon	Respond to of 43080

MYG should be on everyone's watch list today. Excellent positive earnings surprise going forward. Check out the chart: quote.yahoo.com The chart shows the 50 day line is about at 59. A break of that would be very bullish and the stock could head back to test the 52 week high of 66.

To: LastShadow who wrote (11307)	3/25/1999 9:43:00 AM
From: dloy	Read Replies (1) \| Respond to of 43080

Good morning all, For those of you who are Mach6 subscribers, we now have realtime gap screens up (as well as pre-market gap up and gap down indicators based on the Bid/Ask). mach6.net Delayed ones are always free =).

To: LastShadow who wrote (11307)	3/25/1999 11:34:00 AM
From: Copeland	Respond to of 43080

IBM's PC group lost nearly $1B in 1998 By John G. Spooner 03/24/99 08:53:00 PM IBM's Personal Systems Group lost nearly $1 billion in 1998, much more than the year before, according to the company's annual report. The group ended the year with a loss of $992 million on total revenues of $12.8 billion, compared to a loss of $161 million on revenues of $14.4 billion in 1997. Despite the Personal Systems Group's loss, other IBM divisions, such as Global Services, fared well for the year. Overall, IBM earned $6.3 billion on revenues of $81.7 billion in 1998. IBM blamed the loss on the volatility of the PC market in early 1998. The first half of the year saw large increases in channel inventories for both new and older PCs. The situation sparked a round of price-cutting by PC makers, including IBM and Compaq Computer Corp., aimed at moving the inventory. The combination of rapidly falling prices and large inventories spelled trouble for IBM's bottom line. Improvements in Q4 "That accounts for the revenue decline, as well as an overall loss," said Rob Wilson, an IBM spokesman in Armonk, N.Y. However, "the situation improved in the third quarter, and in the fourth quarter we were profitable." Despite the uptick in year-end earnings, the Personal Systems Group has undertaken some cost-cutting measures, Wilson said. "We've been undergoing literally years of cost and expense cutting actions," he said. It is unclear if the recent situation will exacerbate those cuts. Wilson was unable to comment because IBM is in a quiet period before first-quarter 1999 results are announced in early April. There's another reason the Personal Systems Group's business may be on the upswing in 1999. IBM's channel inventories, thanks to efforts to provide PCs to customers on a build-to-order basis, have been reduced, Wilson said. Also, "We're going to continue to reduce our expense structure to stay competitive." The IBM financial figures became public as a result of new Securities and Exchange Commission rules governing the way companies report earnings. Under the new rules, companies are now required to break out their financial statements by product segment.