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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Greg R who wrote (5442)	7/19/1999 5:50:00 PM
From: David Harker	Respond to of 8218

>In 1 yr, earnings up 17%, share price up 223%. What's wrong >with this picture? I didn't buy enough IBM stock a year ago! More seriously, it means many more people bought IBM stock than sold it, driving up the price. This means more people now think IBM has a great future, compared to the number of people who thought that one year ago. Try looking at Dell/MSFT/AOL stock charts for further real-life examples of this basic principle. If you still want to complain, pick your favorite company with NO earnings, like AMZN/EBAY - they also soared due to anticipated future goodness, not based on some strict tracking with EPS or Rev. growth rates. Greed and Fear, that's what governs this stuff, not accounting...

To: Greg R who wrote (5442)	7/19/1999 5:57:00 PM
From: J R KARY	Read Replies (2) \| Respond to of 8218

Apply the price earnings multiple and there is yet room to grow >> In 1 yr, earnings up 17%, share price up 223%. What's wrong with this picture? >> Don't forget 4Q is the biggie and the CFO expects this growth to continue . dailynews.yahoo.com And don't forget INTC was .02 short on its last EPS expectation and moved up the following day . Jim K. PS: on the pref re-purchase - wonder if $5 bln IBM just rec'd from ATT is funding it ?