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International Business Machines Corporation Message Board

  • thatgdgreenspan thatgdgreenspan Oct 1, 2002 8:11 AM Flag

    Only 2 of the last 8 recessions...

    have ended in capitulation. The pros are silently covering. Sellers beware.

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    • Pension devaluation and resulting shortages, which must be covered from earnings, will also ratchet down IBM. ANalysts are working the numbers this very minute. Stay tuned.

      Boots deal is a lame attempt - Just yesterday EDS says it will avoid long term contracts because it takes YEARS to set up such that you actually earn more than you spend - So what does IBM do? Sign a 10yr $1.1 bln deal - Heck, that is a net drain except for the PR for the uninformed.

      EDS earnings miss and experience with MOST of its customers cutting nack - What in the world makes anyone think IBM's contracts are immune? They are not. IBM about to collapse. Bet on it.

      Above are objective facts. IBM is trading on its name and "Big Blue" memories of its past self, borrowed excessively accordingly, and it is about to unwind.

      Holding Oct puts.

      Ocean Joe

 
IBM
190.01-6.39(-3.25%)Apr 17 4:02 PMEDT

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