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Technology Stocks : IBM
IBM 309.24-0.5%Dec 12 9:30 AM EST
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To: Marty who wrote (5583)9/29/1999 1:30:00 PM
From: Jonathan Edwards  Read Replies (1) of 8218
 
Then he wrings his hands over possible losses in high profits from hardware sales when the fact is that they are lower profits margins than the booming service sales IBM has.

Check the latest 10-Q again; services have the lowest margins of anything IBM does:

6-months ended June 1999

Software 82.2%
Financing 55.6%
Investments/Other 36.0%
Hardware 27.9%
Services 27.4%

Hardware Gross Margins for FY 1997 were about 36%, which I think is closer to the historical norm...
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