Author: Bruce Moreland
Date: 01:41:21 03/31/01
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On March 30, 2001 at 08:44:47, Vincent Diepeveen wrote: >On March 28, 2001 at 23:14:30, Robert Hyatt wrote: > >>On March 28, 2001 at 16:38:31, Rajen Gupta wrote: >> >>>chinook ckeckers, (the checkers equivalent of deep blue)is ready to face all >>>comers on its web site(admittedly a single processor version, but the same >>>software)why cant deep blue or even deep blue junior do the same? is it because >>>it is scared of being exposed for what it really is? >>> >>>rajen >> >> >>Why would they be afraid to expose it as an incredible chess-playing >>machine? Can't we figure that out from the Kasparov match? > >As you know stocks and shares have dropped past months/weeks quite >a bit. Still IBM is worth 167.3% > >After match IBM stock went up most likely because of Deep Blue 22% in 1997 >right after winning match. To say that IBM stock went up because of Deep Blue is utterly ridiculous. I checked this at the time. The stack ran up before the match as well as during and after -- it's called a bull market. Everything was going up that whole time. If I call correctly, it actually leveled off a little after the match -- the rate at which it had been increasing in value was higher before the match. I remember looking at the chart and it was all tea leaves at best. There was absolutely nothing to the idea that the stock went up because of Deep Blue. There have been persistent rumors about the stock price, and they are all crap. Stocks go up and down for lots of silly reasons. Someone may have bought some because of the match. Big deal. It's not like the company is worth more *now* because of this. Maybe someone could have made a dollar extra per share if they had traded at the right time, but this is nothing permanent and nothing significant. What drives IBM's share price is its ability to meet increased revenue targets. I can guarantee you that the degree to which the company exceeded or failed to exceed expectations would have had way way more to do with the stock price than anything that Deep Blue could have done. bruce
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