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Technology Stocks : IBM
IBM 307.940.0%Dec 5 9:30 AM EST

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To: Jules B. Garfunkel who wrote (3630)8/1/1998 7:45:00 AM
From: Robert Scott Diver  Read Replies (2) of 8218
 
Jules, Most of us simple minded investors focus on EPS. This is expected to rise. The impact of the Russian computer sale seems minimal IMO. You continue to make the argument that the current high price makes stock buybacks a bad decision. I believe you have been making this argument since the stock was at $30 pre-split. "Slowing sales of Notes" might better read "slowing acceleration in sales of Notes". "Potential loss of business in certain areas" applies to all companies. The "stockholders equity" that is important to me is the amount my stock is worth. That has been going up steadily for years. Did you predict and discount the fact that IBM has the fastest and cheapest mainframes -and- the largest (and fast growing) services business?
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