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Technology Stocks : IBM
IBM 305.82-0.9%3:59 PM EST

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To: Arrow Hd. who wrote (6978)11/9/2000 11:06:02 PM
From: THE WATSONYOUTH  Read Replies (2) of 8218
 
yahoo.cnet.com

"Our main objective is not revenue," Gerstner said. "Our objective is old-fashioned. It's cash and earnings." During the last seven years, IBM delivered 14 percent compounded growth in pretax income, 23 percent growth in earnings per share, and $105 billion in cash flow, he added. "We kind of believe earnings and cash flow drive value," Gerstner emphasized."

What a crock! Now Lou-ser is trying to intimidate the analysts like he intimidates his senior level management. Well, I'm sure he can bluff his way thru the analyst meeting but the street will not be fooled. This stock goes no where until consistent moderate (10%) revenue growth is resumed.

THE WATSONYOUTH
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