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Technology Stocks : Intel Corporation (INTC)
INTC 39.36-0.1%3:59 PM EST
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To: L. Adam Latham who wrote (163680)4/8/2002 10:36:20 AM
From: The Duke of URL©   of 186894
 
Well, let's see. The first month Lou became president of IBM he wrote of a then unheard of 8 Billion in order that he would be guaranteed a couple of profitable years, then he hocked a lot of IBM at 8% interest rates to buy stock back to increase EPS faster than real earnings growth.....

This trend to utilize accounting did not abate until Enron exploded.

Of course, part of the "pressure" on IBM earnings IS Intel.
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