Steve Milunovich
Steve Milunovich
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.
earnings fourth improve momentum
Earnings momentum bottomed in (the fourth quarter) and will improve in 2000,
direction factor pointing swing
That is a swing factor for them going forward. And it's pointing in the right direction for them.
april call color conference
No color was provided, and there is no conference call before the April 17 release,
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.
fifth
Then again, Lou Gerstner was IBM's fifth choice.
disclosure financial increased paints position positive somewhat
In fact, increased disclosure paints IBM's financial position in a somewhat more positive light.
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.
affect begin cuts earnings easy economy fed half improve improves likely momentum news rate second
The news should improve in the second half as likely Fed rate cuts begin to affect the economy and earnings momentum improves on easy comparison,
concerned details downside easy exposure face half ibm income less property quarter relatively shows
Details on the intellectual property income by quarter shows that IBM will face relatively easy comparisons for intellectual property income in the first half of 2002, making us less concerned about the downside exposure near-term,
circumstance companies continue drive expect gain internal internet revenue web worst
The Internet infrastructure build-out should continue in all but the worst circumstances, ... We expect companies to use Web technologies more to gain internal efficiencies than drive new revenue streams in 2001.
attract heavy hitter impression
The impression is that Compaq couldn't attract a heavy hitter from the outside.
competition government ibm mostly remains seeing strength sun
Sun is seeing some strength in government and healthcare, but competition -- mostly with IBM -- remains acute,
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.