Jase

IBM: Reassurance from Big Blue

Investa Mania,

IBM is clueless. Do you really think that beyond their 1-year outlook that revenue will remain steady? Way too much exposure to emerging markets, way too optimistic an outlook. IBM should be trading below $40 if we're going to price in what's in store for them in this economy. Take a look at SAP. It's tanking. IBM is extremely overvalued. I wouldn't pay more than 5x forward for this bloated thing. Want to change my mind? Do two things for me: tell IBM to triple their dividend; and show me some earnings that don't rely so heavily on luck in the currency markets.

36 Opportunities for the Beginning of the Bull

I share your view regarding most of these. I disagree, however, with your call regarding QCOM. Rather than bank on the mobile chipsets, I'd rather play the terrestrial and mobile backhaul/edge network angle via AKAM. Akamai moves 1/5th of the planet's daily internet traffic--despite continued competition in this space, it's exceedingly undervalued.