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

To: Jacques Newey who wrote (2177)	1/20/1998 5:29:00 PM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) \| Respond to of 8219

Jacques the currency sit will be more co - operative down the road expect tremendous momentum as year 2000 approaches ...Once again i have no IBM ..if on their report it said 2.11 then that is what we go by

To: Jacques Newey who wrote (2177)	1/20/1998 5:36:00 PM
From: Jules B. Garfunkel	Read Replies (2) \| Respond to of 8219

Jacques, Try an increase in revenues of 2.501 %. It was even worse than your 3 %. How come no one else, but IBM, uses the excuse of "if in constant dollars" for explaining their disapointing earnings? Once again it appears that IBM's earnings came on the back of their stock buy back program. How much longer can IBM rely on their stock buy backs, now that a billion dollars buys less stock than it did a year ago, and the tax rate per centage is no longer decreasing? Regards, Jules