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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (30075)	7/21/1998 6:52:00 PM
From: PaperChase	Read Replies (1) of 132070

MB. >>A minor point is that nearly all of the eps "gain" is from lower taxes. At some point, if Louis keeps a braggin', Uncle Sugar is gonna want his share.<< IBM pulled this crapola last quarter to inflate earnings and it was well noted in some major magazines. Do you think IBM has got to pay these taxes from earnings in the next 2 quarters? This seems like a brazen move on IBM's part. How will they explain this away in later quarters without looking silly? Ooops, I forgot, they'll use one of those restructuring charges. <G>

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