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

To: Robert Scott Diver who wrote (7493)	3/8/2002 2:59:06 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 8218

Robert, >>You seem to imply that investing in IBM, whose PE is about 23, is speculating. IMO, a PE of 23 is overstated because I account for the E in P/E differently than IBM does. Further more would never pay this price for a stock where the business is contracting and the debt is exploding. Each one of us has to do our own evaluations of what we are willing to pay for paper assets. That is what makes a market. Joan