IBM Message Board - Msg: 11707077

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Technology Stocks : IBM

IBM 304.14

+2.2%

Nov 24 3:59 PM EST

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To: art slott who wrote (5850)	10/26/1999 11:37:00 AM
From: Jacques Newey	Read Replies (2) of 8218

Art-Re:"IBM to buy back $3.5 bln in stock." Again, I point to the Barron's article - "No, what completely unnerved investors was the shocking evidence that the talented Mr. Gerstner had apparently run through his supply of magic tricks-a miraculous charge-off here, a fortuitous announcement of a huge share buyback there-that in the past time and again served so well to put a cheery gloss on, and take the sting out of, even the most dreary disclosure." Maybe Alan was wrong...the wizard still has a few tricks left in his bag! Be careful though ! Good majicians know that when a trick gets used again and again, fewer get fooled each time. Good luck.

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