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Technology Stocks : IBM
IBM 309.88+0.6%10:31 AM EST

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To: Jules B. Garfunkel who wrote (2925)4/23/1998 5:46:00 PM
From: Don Hurst  Read Replies (2) of 8218
 
Jules, "Can't you see" that your statement applies to Intc, Msft, and any other company that is buying back shares and has reasonably intelligent beancounters?

" 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?"

BTW, I think the stock almost got back to 118 today. Did Cordes buy?

Regards,

Don
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