IBM Message Board - Msg: 6127954

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Technology Stocks : IBM

IBM 305.75

+0.3%

Nov 14 3:59 PM EST

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To: Robert Scott Diver who wrote (4049)	10/22/1998 8:23:00 PM
From: Marty	Read Replies (2) of 8218

"Thursday October 22, 1998 (1:54 pm EST) S&P Upgrades IBM Shares to Buy NEW YORK, Oct. 22 (Standard & Poor's) - S&P upgraded International Business Machines (IBM) to (buy) from (accumulate). Analyst Megan Graham-Hackett notes that IBM's price/earnings ratio has typically been in the 18-19 range, but she now believes it deserves a higher multiple due to the company's accelerating growth prospects as a unique provider of complete information technology solutions. She also notes that a greater mix of sales are now from more predictable Services & Software streams. Graham-Hackett says her cash flow analysis indicates that IBM is at the cusp of dramatic improvement, leading to further shareholder enhancements ahead. Her 6-12 month price target for the stock is $160-165, or 22 times her $7.45 1999 EPS estimate." ===================================================== Number of Brokers Recommending (10/19/98) Strong Buy 12 Moderate Buy 9 Hold 1 Moderate Sell 0 Strong Sell 0 Current Average Recommendation (1.0=Str. Buy, 5.0=Str. Sell) 1.5 Last Week's Average Recommendation 1.5 Change in Average Recommendation 0.0 Earnings Estimates and Actuals Consensus Estimate for Current Fiscal Year (12/98) $ 6.49 per share Consensus Estimate for Next Fiscal Year (12/99) $ 7.46 per share Consensus Estimate for Current Quarter (9/98) $ 1.53 per share Actual Earnings Last Quarter (6/98) $ 1.50 per share EPS Surprise Last Quarter 2 % -------------------------------------------------------------------------------- Company Industry Group COMP-MAINFRAME Rank Within Industry 1 of 4 =============================================== Then again, what could an S & P recommendation or the 0 sell recommendations vs 12 strong buys and 9 buys, be worth, compared to the brilliant musings of Skeeter Bug and tippet?

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