Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1588)	4/26/1999 1:26:00 PM
From: porcupine --''''>	of 1722

IBM CORP's strong surge in 1Q results cannot, at this point, be used to predict the outcome of full year results, its CFO said late Wednesday. In a conference call with Wall Street analysts Doug Maine, IBM's CFO said the strong start to 1999 was driven by growth in its consumer services business and strong performance in its computer hardware businesses. But he cautioned: "It would be premature to come to any conclusions about the remainder of the year." He cited pricing pressures in some business segments, uncertainty about recovery of some world geographic regions and possible customer delays in buying new computers in order to fix Year 2000 software glitches in existing equipment.

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