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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (58066)4/29/1999 10:42:00 AM
From: Freedom Fighter  Read Replies (1) of 132070
 
Mike,

>>You have to price services below what better and more experienced cos. would consider breakeven, and then assume profits on long term contracts, a disproportionate amount of which accrue immediately.<<

Serious question here. That service business seems to be wide open to
questionable accounting. I've seen other analysts reference it too.

Is there any evidence of it yet or is it mostly a suspicion based on the fact that IBM is doing all sorts of other financial engineering to grow EPS?

I know of no way to see it in the financials until it blows up
and I haven't seen any hard data about bidding prices vs. EDS and others, just talk.

Wayne
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