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Politics : Ask Michael Burke
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To: Earlie who wrote (57187)4/23/1999 6:30:00 PM
From: Alohal  Read Replies (3) of 132070
 
Earlie:

I wouldn't touch IBM's stock with a ten foot pole, as I said in an earlier post, I only invest in the best. Be that as it may, my post was in reference to your laughable assertion that Gerstner was "scamming" people because this Quarter's results only appeared so good because the previous year's quarter was so bad. I fail to see how this is a scam. It's right there in the numbers, for any investor with even a partial brain to see. It's not a "scam" in any sense of the word that I'm familiar with. People who invest in companies without even knowing how to read a quarterly or annual report are truly gambling.

You may have your reasons to believe that he is scamming investors, but if you are going to assert it you better have some hard evidence to back it up. You come up with such evidence and you will indeed be doing investors a service, but to simply mumble and grumble about scams without the evidence simply hurts your credibility.

If you are so certain there is a scam and and you were an investor in the company I could see your concern (or maybe not, since as you say you would have seen you investment up 400% over the last three years) but clearly you are not an investor in IBM. The other possibility is that you have been betting against IBM's stock rise all this time and are now ragging at the fact that you have been on the losing end of those bets, "but only because investors are being scammed". I think the second scenario is much more likely.

Of course I'm always open to other explanations of why you might see yourself as the "guardian" of IBM investor's interests.

Good luck.
Alohal
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