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

To: j g cordes who wrote (7526)	3/13/2002 1:18:43 PM
From: Kirk ©	Read Replies (1) \| Respond to of 8218

Funny you say: for long term investors its a safe haven with more analysts than a convention of psychiatrists in Vienna... who all tend to think alike. when even right here half like the company as a long term hold and half have been complaining about accounting issues since 1993 when they said it was still going to go lower (last time I added significant shares and doubled up). Since 1993, I have taken nice "dividends" from IBM. Once in 1998 at $80 a share where I sold about 12% of my holdings and again in 2002 where I sold another 12 or 15% at $120 (did pretty good on that sell). I like how they buy back the stock and let me choose when to take the big dividends. As a long term holding... I expect it to go up and down... It seems there are many opinions on the value of IBM as a safe investment and always have been. My guess it is somewhere in between Enron and Treasury notes. :) Kirk

To: j g cordes who wrote (7526)	3/15/2002 8:28:30 AM
From: j g cordes	Read Replies (1) \| Respond to of 8218

"IBM down on report of pension earns fall (IBM) By Tomi Kilgore Shares of IBM (IBM) traded down 71 cents at $105.89 in European trading. Big Blue's pension income is likely to decline in 2002 for the first time since pensions became an income item in 1996, according to the Wall Street Journal's "Heard on the Street" column. The decline could be the result of a cut in the actuarial rate of return to 9.5 percent from 10 percent, the report said, and could make it difficult for IBM to achieve its goal of growing earnings at the low double-digit percentage rate per year. "