IBM Message Board - Msg: 4169950

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Technology Stocks : IBM

IBM 307.80

0.0%

3:59 PM EST

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To: art slott who wrote (2920)	4/22/1998 10:53:00 PM
From: Jules B. Garfunkel	Read Replies (2) of 8218

Hi Art, Your, "Actually, it was a gut instinct based on many hours of research during the qtr. and technical analysis and IBM speak. I know you won't like that answer. Off by .02 not bad. Actually I thought consensus 1.06. Had I known it was 1.05 I would have been off by only a penny." Yes, but how did you know, (or any other analyst know), what tax rate to use, or how many shares IBM had bought back in the quarter, in order to calculate your Q1 $1.08 estimate. Can't you see it is somewhat of a farce for anyone to try to predict IBM's earnings? Jules

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