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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (44405)	1/23/1999 7:45:00 PM
From: Earlie	Read Replies (1) of 132070

MB: That is how they used to do it in the old days,....give 'em the paper when it's expensive, and buy it back when it's cheap. Like you say, that doesn't hold the stock price up so that the management can sell their options out. I loved Gerstner's selling out his options to 2003. Confidence in the company's future shown there. (g) The lambs don't worry about such things. Nor do they concern themselves with such trivial matters as IBM's cash cut in half (or more,...I wonder how much of the reported cash results from the $5.0 billion sale of the global data system?) in less than three years, and the debt having risen from $9.0 billion to $30.0 billion in the same period. Best, Earlie

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