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To: Earlie who wrote (180898)	7/17/2002 5:04:02 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 436258

>>They bought back $1.8 billion in stock during the quarter! Unbelievable, particularly given the low cash and massive debt. I can just see some of IBM's debt holders having a heart seizure as they peruse this meat loaf.<< that is truly astonishing.

To: Earlie who wrote (180898)	7/17/2002 5:54:48 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

<<If Wall Street is successful in selling this mess as pretty, then my hat is off in commendation of their remarkable salesmanship.>> Just applying lipstick to the pig...it'll be out the door by expiration....<NG> I hate that company. Disclosure: No POSition in IBM....