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

To: Don Hurst who wrote (2368)	1/31/1998 12:08:00 PM
From: art slott	Respond to of 8219

You're right on Don. Dividends are a total loss to the company. A stock buyback benefits a company permanently. Ibm's moving up when the blue chips are down. Tech is BACK! Art

To: Don Hurst who wrote (2368)	2/1/1998 1:35:00 AM
From: Earlie	Respond to of 8219

Don: Companies usually try to sell stock when their share prices are high, to replenish their treasuries. It is always wise to provide the buyers with as little paper for as many dollars as is possible, and to do this when the public is in a mood to buy. In this way, shareholder dilution is minimized, and the company is maintained in fighting trim. Why buy back stock when it is expensive? Why not do what has been historically recognized as the intelligent thing to do which is to buy back company stock when it is cheap? If one is interested in purchasing a company which is in the business of dealing in stocks, buy a brokerage stock. We are approaching a period when cash will take on added value, and it will not be available from the public markets. A look at what has happened in Asia, provides mute testimony to this fact. I think Louis will take a lot of flack for "gutting the company", within a very short time frame. Financial engineering is shallow compared with electronic or digital engineering. The service business is a low margin game....ask IBM's competitors. Best, Earlie