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Technology Stocks : IBM
IBM 302.77+0.6%Dec 22 3:59 PM EST
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To: Earlie who wrote (2360)1/31/1998 11:14:00 AM
From: Don Hurst  Read Replies (3) of 8219
 
Earlie, you contend that Lou G's spending of $8 billion to prop up the stock has been "expensive and ultimately foolish use of the money".

It certainly has increased the value of IBM shares, but would you have the same reaction to an $8 billion dividend increase over the buyback
years? Certainly the stock would have increased in value but probably not as much and would not the $8 billion now be lost to IBM while the $8 billion spent to buyback stock is not.

Regards,

Don
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