International Business M... Share Discussion Threads

[treblewide] 13/6/2002 09:07

Bpoole, It is as safe as any pension!!!! Things are turning around, all the server business seems to be taking market share from Sun, Software seems to be picking up but Global Services are still struggling. Lots os people sitting on the bench. Big Blue always comes through!!! Where did you work? Treble

[bpoole] 13/6/2002 08:40

treble - I am an IBM retiree. How is 'Big Blue' these days? Is my pension safe?

[treblewide] 13/6/2002 06:36

folks, I work in the IBM sales channel. I work very closely with the main IBM sales guys in the UK. Beware there is a big difference in their numbers between Q1 and Q2. P-Series, Websphere and DB2 have noticed a huge upturn in demand. Beware!! Treble

[mr euro] 13/6/2002 00:25

Limpy, I know a wee bit about this company, hope you earn some dosh but be careful around reporting season.

[limpsfield chartist] 12/6/2002 20:58

According to quicken average vol for IBM is 6M and they did 13M today, which adds to the down pressure in my book - worse to come

[biffer] 12/6/2002 20:15

Been short on the IBM $80 July calls since last week. Like the look of ZION, thanks for pointing these out. There are so many US options to play with, it's a bit like being a kid in s sweetshop. Biffer

[limpsfield chartist] 12/6/2002 19:23

Dil It's a pleasure Have a look at ZION - another good short, did them yesterday at 53.85, target of around $45 minimum I think. A good long even in this market is IFF - potential for $40 I think and up today against the market. Today's my best day so far this year, for all my longs and shorts in the USA - here's hoping it continues. LC

[dil] 12/6/2002 18:55

Cheers Limpy been with you since last week. Dil

[limpsfield chartist] 12/6/2002 16:16

Mr E That's what I reckon - further slides ahead and these look weak so will be dragged down with it. There was some comment today about their success in shifting some new mainframes, but the market appears to be shrugging it off so happy to stay short for now. http://quicken.com.com/2100-1001-935217.html?legacy=cnet&tag=pt.intuit.newsfeed..ne20030427?tag= "IBM has sold 200 of its new lower-end z800 mainframes in the two months since they went on sale, citing the figure as evidence that rival Sun Microsystems is failing to lure customers to its own products. Selling 200 of the systems in that period of time is an accomplishment, particularly given that many in the computing industry had been writing obituaries for the mainframe. But the pressure on mainframes is fiercer than ever as Unix servers from Hewlett-Packard, Sun and even IBM acquire mainframe abilities and a dour economy spurs no-holds-barred competition. "

[mr euro] 12/6/2002 15:24

You be braver than I limpy. You may see some one off costs over the next 2/3q's which will hit earnings but be warned business is getting better. I expect Q3 revenue to be trending upwards and when the one off charges are out of the way, IBM will be a lean mean beast in a far better position to capitalise than their competitors. Of course the market can continue to slide.....

[limpsfield chartist] 12/6/2002 14:59

Heading for new lows today and still weak. I read somewhere (Fortune Mag?) that pre dotcom boom, IBM was valued on 1.5 x earnings or something. Based on those valuations they reckon its worth $50. Anyway, chart still bearish, lots more to come I think.

[trader2] 04/6/2002 14:07

Limpy - thanks for that. IBM has withstood that latest downturn better that most other stocks in the sector - giving you some good short value to target.

[energyi] 04/6/2002 13:27

GE, MSFT also set to breakdown IMO

[limpsfield chartist] 04/6/2002 13:25

Trader2 I reckon $70 minimum them maybe the mid-$50s further out -edit- if you took this as a triple top over the past few years then it has an implied target of around $30 longer term....maybe a bit too bearish even for me...

[trader2] 04/6/2002 13:19

Have you got a target in mind Limpy?? $76 short term I guess but where after that?

[limpsfield chartist] 04/6/2002 13:06

IBM are breaking out to 3 year+ lows. I went short yesterday and it looks like any rallies should fail ahead of the $90 mark. LC http://www.glomtc.com