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

To: Earlie who wrote (2349)1/29/1998 11:24:00 PM
From: Art C.  Read Replies (2) | Respond to of 8219
 
I'm curious----what would you have them spend it on? To buy more office space? To hire more bean counters? What multiple are you talking about? If it's the PE, I've seen it vary only between 13 and 18. Looking from the inside out, IBM has been taking some very careful steps to control cost in parts, resources and time management. Also they have been a little wiser in the usage of their acquisitions than they have in the past. I don't always agree with some of the things that they do as an employee, but one thing that I can't argue with is the way Gerstner has managed the upward movement of the stock price over the past few years.

Art



To: Earlie who wrote (2349)1/30/1998 1:58:00 PM
From: art slott  Respond to of 8219
 
Smart companies borrow $ when its cheap. It will be paid back in even cheaper dollars due to inflation. Buying back the stock is much better than an expensive dividend. If IBM didn't think they could make more than the interest cost that would be a big negative.

Art


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