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To: Ian Davidson who wrote (24729)12/11/1997 12:04:00 AM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
Ian, did it provide reasons? I'm bearish on IBM (or at least not bullish!) because I see its earnings increases as the result of improvements in it's cost structure and expenses, but very little top-line growth. Ultimately, you need to grow sales if you want to grow profits.

Regards,

Paul