IBM Message Board - Msg: 6695940

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Technology Stocks : IBM

IBM 314.99

+0.4%

Nov 12 3:59 PM EST

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To: Charles Tutt who wrote (4307)	12/4/1998 9:32:00 PM
From: Marty	Read Replies (1) of 8218

Regarding slow growth(<< I was especially concerned about what looked to me like a low growth rate in revenues.>>), it isn't that easy to get high percentage growth when your base is in the billions. IBM is still the most entrenched high tech company in the world with the absolute best customer base of any company, ever. They are the first ones these huge customers turn to for help with the next biggest thing on the horizon, e-commerce (IBM's word). That is why their services revenue is growing so well. They still are awarded more patents each year than any other company in the world. I've been very happy with my investment here, even though some high flyers have done better. Today I rolled up some of my Leaps from 120s to 160s, having doubled my investment. I put that money back in my pocket and maintained my position in the stock, courtesy of a very, very nice move in the price of the stock. I've done this several times already. This is a high quality investment in a leading electronic commerce company, what more can you ask for?

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