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Politics : Ask Michael Burke
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To: James M. Belin who wrote (74056)1/19/2000 5:31:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Jim, But it's o.k., as they expect flat revenues and eps this quarter. Now, flat certainly deserves to be priced at 30 times earnings. <g>

I noted the SG&A oddity in my note on IBM above. I haven't been over the entire report, but there was no way they could save revenues down 10%. The market loves it, but, then, the market needs a lobotomy.

My guess, before I have a chance to rip it apart piece by piece, is that they took some very early profits on the easy to scam service business.

But, more details to follow.
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