IBM Message Board - Msg: 5931049

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Technology Stocks : IBM

IBM 303.23

-0.4%

Nov 26 3:59 PM EST

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To: Arrow Hd. who wrote (3902)	10/6/1998 5:31:00 PM
From: Jules B. Garfunkel	Read Replies (1) of 8218

Hello Arrow " Jules may rule here so everyone be nice." Thanks for your quasi endorsement, but I think you're being overly optimistic on your earning's estimate for IBM's Q3. If all that you say, concerning IBM's earnings comes true, it will be a reversal of the trends we saw in Q2. i.e. hardware sales and margins dropped, maintenance revenues down, South America's and Asia's revenues falling, etc. However, I don't know how you are able to estimate IBM's Q3 earnings at $1.55. or $1.56, without knowing how much of their stock IBM bought back in the quarter, or if they were able to continue to lower their tax rate any further than the 30.4% we saw in Q2. Jules.

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