Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (40572)	4/21/1998 12:59:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

from Yahoo ''S&P Cuts Estimate for IBM but Maintains Accumulate Ranking'' personalwealth.com S&P computer hardware analyst Megan Graham-Hackett lowered her 1998 earnings per share estimate for International Business Machines (NYSE:IBM - news) but maintained an accumulate rating on the stock after the company announced first quarter results. IBM said it earned $1.06 for the quarter, down from the year-earlier $1.16 but a penny better than analysts' expectations, as restructuring charges and expenses related to the Olympic games offset a 2% revenue rise. Graham-Hackett feels the stock is attractive at 15 times her $7.35 1999 earnings per share estimate. Word on the Street brings you comments every trading day from Wall Street's top equity analysts on stocks or industries that are moving significantly.