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To: Bobby Yellin who wrote (10836)4/28/1998 6:36:00 PM
From: PaulM  Respond to of 116764
 
Interesting. IMO the television was a better medium because advertisers have a captive (zombie) audience. On the other hand, I see electronic commerce exploding.



To: Bobby Yellin who wrote (10836)4/28/1998 9:22:00 PM
From: goldsnow  Respond to of 116764
 
Bobby, De ja-vu all over again? Sounds familiar?

Top Business/World News
Tue, 28 Apr 1998, 9:18pm EDT

IBM Sets $3.5 Billion Buyback, Boosts Dividend 10 Percent
Armonk, New York (Bloomberg): International Business Machines Corp. said
it will buy back $3.5 billion of its shares and raise its dividend 10
percent, as the computer maker uses repurchases to boost profit amid
anemic revenue growth. The dividend will increase to 22 cents a share
from 20 cents. IBM has repurchased about $20 billion of its stock in the
past three years, and the new buyback totals 3.1 percent of its shares
outstanding. IBM unveiled the plan before its annual shareholders
meeting in Chicago. IBM is relying on buybacks to compensate for lagging
sales and earnings growth as profit fell 13 percent in the first
quarter. The previous buyback and dividend increase, set during last
year's meeting, boosted its shares yet didn't address how IBM will spur
sales to rise faster than last quarter's 1.8 percent pace. Armonk, New
York-based IBM rose 3/8 to 115 11/16.

Bloomberg