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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (10919)	12/11/1997 11:24:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

To all: MMV-PD12/11/97 * WSJ sheds light on IBM eps scam in their Herd on the Street coulumn. Without the share buyback scam the 1997 eps is up only 5.1% and without the buybacks and lowere taxrate eps is up only 1%. Earlier I pointed out that the book value was actually down 3% in the year while the stock was up more than 100%. Wakeup, HITS bulls! * MicroAge (MICA) noted that it has a higher-than-expected inventory of Compaq computers and that Compaq had approached it and other distributors about taking more product. WSJ 12/11/97 To be fair to Steve, he alerted us on this news much ahead of many. Of course, today MICA said that it's comments were taken out of context. Yeah. Yeah. * Headline in Section C of WSJ: After Oracle Misfire, Wall Street's Research is Blasted. Enough said. BTW, MMV-PD12/11/97 - is my code for later easy search. -g- -Mohan