Steve Milunovich
Steve Milunovich
competition government ibm mostly remains seeing strength sun
Sun is seeing some strength in government and healthcare, but competition -- mostly with IBM -- remains acute,
concerns continued mostly negative networking october parts psychology spending technology weakest
I think there's a negative psychology in technology, and we're not out of October yet. I think there are mostly continued concerns on technology in general, but particularly on spending on telecom. When you look at which parts of technology are the weakest today, you see networking first.
difficult expect half improving landing prices question second soft stock versus
We expect the first half of 2001 could be difficult with fundamentals and stock prices improving in the second half, ... The question now is: 'Hard landing versus soft landing?'
call premature
We think it's premature to call the turn.
consumer driven move objective price results second solid stock strong thesis
Or thesis has been that HP would have a solid second half, driven by strong results in the consumer market, which should move the stock back up to our price objective of $140.
benefits executives measurable pressure users
Users will be under pressure to show the benefits of these new technologies, ... Executives will want measurable results.
april call color conference
No color was provided, and there is no conference call before the April 17 release,
allow gauge impact income investors
should allow investors to better gauge the impact from a potentially lumpy income stream.
affect cause change dramatic earnings hikes last next outlook perhaps rate six spending technology terms year
With that being said, we do not think this will cause a dramatic change in terms of the outlook for technology earnings for the next six months, and perhaps the next 12 months. The rate hikes from last year will probably affect technology spending over the next six months.
gun smoking
There is no smoking gun in IBM's 10K.
believe catalyst cut fed interest investors looking performance positively rate sector short stocks technology view
We view the rate cut positively for the technology sector for the short term. Looking back to 1998, when the Fed unexpectedly cut interest rates, the tech sector outperformed thereafter. We believe the rate cut may be the catalyst for better performance in technology stocks that many investors have been looking for.
believe catalyst cut fed interest investors looking performance positively rate sector short stocks technology view
We view the rate cut positively for the technology sector for the short term, ... Looking back to 1998, when the Fed unexpectedly cut interest rates, the tech sector outperformed thereafter. We believe the rate cut may be the catalyst for better performance in technology stocks that many investors have been looking for.
companies fourth hardware ibm light possible quarter sales saw seeing software weakness
It's possible that end-of-quarter mainframe sales were light for IBM. It's also possible that software lags hardware and that the software companies are seeing the weakness IBM saw in fourth quarter of 1999 and the first quarter of 2000.
companies fourth hardware ibm light possible quarter sales saw seeing software weakness
It's possible that end-of-quarter mainframe sales were light for IBM, ... It's also possible that software lags hardware and that the software companies are seeing the weakness IBM saw in fourth quarter of 1999 and the first quarter of 2000.