The issue is earnings sustainability. |
The problem is that the stocks have run so much this year that valuations are stretched. To sustain these valuations, we need a strong first half of 2004, and that's an open question. |
There is enough saving in the world to provide the capital. |
There's going to continue to be a problem with viruses and worms, |
There's going to continue to be a problem with viruses and worms. Symantec is like the companies who make door locks. There are always burglars out there. |
This is a pretty solid quarter. There is not much for people to complain about, |
We want to help some of the non-profit groups in our community, |
When all is said and done, IBM will come out pretty darn clean, |
When you have a reasonable P/E and you raise the E that's how you're going to outperform. |