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

To: Earlie who wrote (2360)	1/30/1998 9:43:00 PM
From: art slott	Read Replies (2) \| Respond to of 8219

Wrong. Earlie have you been out of the country. They again led the world in new patents. What about the aluminum chips and fantistic new storage device. You continue to say no revenue increase, Again your wrong big time. Or don't you count the 60% of IBM's business overseas. The stock looked solid today. Good news will move it big. Art

To: Earlie who wrote (2360)	1/30/1998 11:40:00 PM
From: nnillionaire	Read Replies (1) \| Respond to of 8219

Earlie, Look at GE from 1981 - 1988. Geez, DECLINING revenue, growing earnings, and HUGE restructuring charges. And they had the audacity to buy back stock by saying that their share prices were undervalued,..."the best investment that they could find for their funds"...because they knew their share price was undervalued. Are there any parallels? Good Investing

To: Earlie who wrote (2360)	1/31/1998 11:14:00 AM
From: Don Hurst	Read Replies (3) \| Respond to of 8219

Earlie, you contend that Lou G's spending of $8 billion to prop up the stock has been "expensive and ultimately foolish use of the money". It certainly has increased the value of IBM shares, but would you have the same reaction to an $8 billion dividend increase over the buyback years? Certainly the stock would have increased in value but probably not as much and would not the $8 billion now be lost to IBM while the $8 billion spent to buyback stock is not. Regards, Don