IBM Message Board - Msg: 17597323

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Technology Stocks : IBM

IBM 306.44

-1.9%

Nov 7 9:30 AM EST

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To: John F. Dowd who wrote (7704)	6/13/2002 10:05:22 AM
From: art slott	Read Replies (1) of 8218

UBS Warburg does. And with a trailing PE of 18 so do I(for what that's worth). 9:27 (Dow Jones) UBS Warburg defends IBM's strategy and maintains its EPS estimates, strong buy and $120 price target. "We are chagrined that anyone would view the spinoff of the hard-disk drive business in anything but a positive light from a strategic, fundamental and accounting perspective." Analyst Don Young adds that IBM should be praised for its greater accounting disclosure, especially "considering how other companies questionable accounting procedures seem to go unchecked - such as the revenue recognition procedures of indirect PC players." (GS) (END) Dow Jones Newswires 13-06-02 1327GMT(AP-DJ-06-13-02 1327GMT)

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