RE: iSeries down 18%? Ugh -- MIDRANGE-NONTECH

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Subject: RE: iSeries down 18%? Ugh
From: "Jones, John \(US\)" <John.Jones@xxxxxxxxxx>
Date: Wed, 18 Jan 2006 09:07:51 -0600
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Well, I figure it was inevitable.  IBM pumped up their 3rd quarter by
driving upgrades from 8xx systems.  Nothing like eliminating trade-in
value to encourage customers to open their checkbooks.  While this made
the third quarter look good, it starved the fourth quarter and may
starve 1Q06 as well.

Like the low finance incentives in the auto industry post 9/11, they
encouraged some people to buy early at the expense of a future sale.

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