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To: Pierre Aydin who wrote (16725)2/5/1998 10:56:00 AM
From: John Koligman  Respond to of 97611
 
Pierre - I have no idea how long they can do it, I certainly think the big money has been made since IBM hit 40 5/8 at the low. Actually I'm surprised the stock has done as well as it has, although if you look at PE IBM has traditionally been selling on the low side... The company is the biggest/best example I can think of where great stock performance (from admittedly depressed levels) has been achieved with very low growth (excepting their service business)...

John