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International Business Machines Corporation Message Board

  • sujit_98 sujit_98 Dec 19, 2000 12:31 PM Flag

    CSFB had put target of $86 on IBM:Moron

    just 2 days back. What a moron.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • No I don't think they are moron... I just think they forgot to say it is bottom target that all.

    • No they didn't you idiot! Look at all the news releases and show it to me.

      • 2 Replies to Kiki_20901
      • Yes they did, but they did not say weather that
        is bottom or top target. I post a note with my
        assumption that it is bottom target, and if my recolection
        is correct, they also target a few months back for
        150, I think that is their top target! I did not see
        any clarify from CSFB...

      • Yes They did. Please Mind your
        Language!!!

        redit Suisse Hikes Oracle Estimates But Is
        Cautious
        on IBM
        By Yi Ping Ho
        Staff Reporter

        12/15/00 2:34 PM ET


        Credit Suisse First
        Boston increased its full-year 2001 and 2002

        estimates on software maker Oracle (ORCL:Nasdaq - news),
        saying
        the company's fiscal 2001 "should even convert
        the skeptics."

        The positive spin comes one
        day after Oracle posted second-quarter
        earnings
        that Credit Suisse called "picture perfect."


        In its technology group research update, Credit
        Suisse said it was
        raising its full-year 2001
        earnings per share estimate to 51 cents from
        48 cents,
        and revenue estimate to $11.9 billion from $11.8
        billion. As
        for 2002, the firm now expects earnings of
        63 cents a share, up from
        57 cents a share, on
        revenue of $14.1 billion, compared with a
        previous
        estimate of $13.5 billion.

        Credit Suisse also
        reiterated its strong buy rating on the Redwood
        City,
        Calif., company, and a 12-month price target of $48,
        which it
        said "suggests 75% upside from current
        levels." Oracle was recently
        trading at $29.06, up
        5.7% or $1.56, on the Nasdaq.

        But playing the
        skeptic on bellwether IBM (IBM:NYSE - news),
        Credit
        Suisse said the company "cannot avoid deteriorating
        industry
        fundamentals this quarter, and said it believes
        "there is a downside to
        the Street's $26.75 billion
        revenue expectation" for IBM's fourth
        quarter. Credit
        Suisse foresees fourth-quarter revenue of $25.75

        billion, with a price target of $85. IBM was recently
        trading at $87.38,
        down 5.4%, or $5.06, on the New
        York Stock Exchange.

        The research firm also
        urged caution on Internet incubator CMGI

        (CMGI:Nasdaq - news), which beat estimates yesterday with
        a
        narrower-than-expected first-quarter loss. Credit
        Suisse said "weak
        online advertising sales" at the
        company's Engage unit and the
        "continued transition of
        Alta Vista" were responsible for "revenue
        growth
        of only 3%."

        Credit Suisse, which has a
        hold rating on the company, also said that
        the
        "strong possibility of additional streamlining and
        restructuring" at
        CMGI could "cloud visibility in the near
        term."

        CMGI was lately spiraling south, losing
        75 cents, or 8.2%, to $8.31 in
        Nasdaq trading.


        In addition, Credit Suisse reiterated its strong
        buy rating on Veritas
        Software (VRTS:Nasdaq -
        news), which it called "one of the most
        attractive
        large-cap, high-growth" software companies with

        "improving fundamentals, formidable competitive
        advantage,
        leverageable financial model and significant
        visibility."

        Credit Suisse said it expects Veritas to
        report 2000 earnings of 58
        cents a share, compared
        with 35 cents a share in 1999. For 2001, it

        expects earnings of 86 cents a share. Credit Suisse said
        it believes
        the company's penetration of other
        hardware platforms, including
        Sun Microsystems'
        (SUNW:Nasdaq - news) servers, "insulates the
        company from
        potentially slower growth at any one vendor."

        Shares
        of Veritas recently gained $3.25, or 3.9%, to $97 in
        trading

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

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