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Technology Stocks : IBM
IBM 306.49-1.9%3:45 PM EST
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To: USRX888 who wrote (4472)1/21/1999 5:10:00 PM
From: Brad Patton  Read Replies (4) of 8218
 
From a Reuters article:

Analysts disagreed about the likelihood of a stock-split -- a move often interpreted by investors as a sign of bullishness on the part of company management. A split typically helps to propel a stock higher.

''The stock split has to be in people's minds as it approaches $200,'' Helmig said. ''We've speculated it could be three-for-one.''

Salomon Smith Barney analyst John Jones said a stock split was inevitable but not imminent.

''IBM.com investors don't realize there aren't enough shares to split two-for-one,'' Jones said, referring to overly enthusiastic momentum investors who may not have done their homework before speculating on a share split.

''I think clearly you will see a stock split in April,'' Jones said of the period when IBM reports its first quarter results and holds its regularly scheduled annual
meeting.
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