IBM Message Board - Msg: 4770327

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Technology Stocks : IBM

IBM 303.33

+0.1%

Dec 17 3:59 PM EST

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To: Jules B. Garfunkel who wrote (3222)	6/8/1998 1:23:00 PM
From: j g cordes	Read Replies (1) of 8218

Here's a good one Jules.. "Motorola Inc. (MOT) 51 15/16 +1: Gruntal & Co. reiterates "buy" rating, but lowers estimates on semiconductor and cell phone equipment maker following last week's announced structuring move; while restructuring should position MOT for the upcoming demand cycle following small moves over the last two years, which were not enough, latest restructuring is welcomed but will reduce earnings for the next couple of years; lowers Q2 EPS from $0.25 to a loss of $0.05 a share, Q3 from $0.40 to $0.20 a share, FY98 from $1.40 to $0.70" How can they rate it a buy while saying "will reduce earnings for the next couple of years." ?? and cutting in half FY 98

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