To: 44magnumpower who wrote (7727 ) 9/20/2000 8:18:47 PM From: Sr K Read Replies (1) | Respond to of 14451 SGI has also been one of my biggest winners. But why do you make up stuff like:a big buyer of IBM @ $45.00 just before the new CEO from Nabisco (Lou Gerstner) took over a few years back The stock bottomed after LG became CEO, which was April 1, 1993. It was close in January 1993 with a low of 45.875 (before the two 2:1 splits). The February and March 1993 lows were 48.75 and 49.875 (per Microsoft Investor 10-year charts). Are you suggesting he bought at the exact January 1993 low and you rounded down? I recall there was an announcement earlier, and he only "started" on 4/1/1993, so maybe AP caught the January low. But the eventual low was in August 1993, about 40 5/8. The market took some time, and Gerstner took some time to study the situation. The April 1993 range was 47.375 - 53.125. Also, "CEO from Nabisco" belittles the background Lou brought to IBM. It was not a job for a cookie cutter! Louis V. Gerstner, Jr., was named chairman and chief executive officer of International Business Machines Corporation on April 1, 1993. Prior to joining IBM, Mr. Gerstner served for four years as chairman and chief executive officer of RJR Nabisco, Inc. This was preceded by an 11-year career at American Express Company, where he was president of the parent company and chairman and CEO of its largest subsidiary, American Express Travel Related Services Company. Prior to that, Mr. Gerstner was a director of the management consulting firm of McKinsey & Co., Inc., which he joined in 1965. A native of Mineola, New York, Mr. Gerstner received a bachelor's degree in engineering from Dartmouth College in 1963 and an MBA from Harvard Business School in 1965. ibm.com