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

To: art slott who wrote (4866)	3/29/1999 10:28:00 AM
From: Ibexx	Read Replies (1) \| Respond to of 8218

art, Shorting IBM seems to be Jules' religion--another one being shorting AOL since a year ago (that I am aware of)--I think we should all respect his position and leave him in his chosen "reality". With best regards, Ibexx (loooong on IBM)

To: art slott who wrote (4866)	3/29/1999 1:38:00 PM
From: Jules B. Garfunkel	Respond to of 8218

Art, No I didn't forget. But when I first started posting here, on this IBM thread two years ago, hardware accounted for closer to 50% of IBM's revenues. As I recall, when I forecast then, that IBM's higher margin hardware and software business would be substituted by lower GPM Services Division business, you didn't acknowledge that either. At that time GPMs on IBM's Mainframe Hardware was at 72%. Further, I specifically recall you saying that IBM's mainframe business was solid and would not be diminished by Intel's move up, into the Server and Workstation markets. Jules