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Technology Stocks : IBM
IBM 297.26-2.8%Nov 17 3:59 PM EST
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To: art slott who wrote (2734)4/7/1998 2:40:00 PM
From: David Lee Smith  Read Replies (2) of 8218
 
IBM may surprise on the upside, but smart money will be selling. Those earnings will likely come from deferred earnings from prior periods. Closely examine upcoming revenues to find the real progress for the quarter. I'd be surprised if smart money managers don't look through the accounting glaze into real quality earnings which should remind them of other tech stocks like Motorola.
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