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Technology Stocks : IBM
IBM 289.94-2.5%3:59 PM EST
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To: art slott who wrote (1928)12/1/1997 7:39:00 PM
From: Robert Scott Diver  Read Replies (2) of 8218
 
Art, Very bullish article in WSJ company news for IBM. One of the keys for me was the news that mainframe sales were higher than expected in October. Stronger than expected mainframe sales were implied by the last quarter's earnings announcement. Also saw some non-IBM news about investors now being willing to pay a higher premium for predictability of earnings. $125 by year end doesn't seem too optimistic. Scott
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