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Technology Stocks : IBM
IBM 309.27+0.9%3:59 PM EST
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To: Joan Osland Graffius who wrote (7489)6/3/2003 9:34:20 PM
From: Victor Lazlo  Read Replies (1) of 8218
 
I agree re Hickey.

<<financial engineering of the balance sheet through using these sales to decrease SG&A and in the end taxes certainly has contributed to making the numbers look better. It will be up to someone smarter than me to judge if this is legal or not, >>

There's no gauarantee that the formal investigation won't broaden, but it's amazing they were able to get away with the way they booked the big gain on that plant sale to JDSU.
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