IBM Message Board - Msg: 5376556

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Technology Stocks : IBM

IBM 307.94

0.0%

Dec 5 9:30 AM EST

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To: Jules B. Garfunkel who wrote (3624)	7/31/1998 2:14:00 PM
From: Robert Scott Diver	Read Replies (2) of 8218

Jules, The stock has been going up at a pretty good clip for years now. Technical leadership has been established in significant areas like disk read heads, copper chip process, consulting, mainframe MIPs and mainframe price performance, etc. Most folks think that revenues and earnings are accelerating. With consistent earnings and a low PE, the stock looks attractive. The stock is going up because people expect to make money going long. What's the mystery? Scott

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