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

To: j g cordes who wrote (3223)	6/8/1998 6:37:00 PM
From: Arrow Hd.	Respond to of 8218

For one thing, IBM has moved operations to areas where they get tax incentives or there simply are lower taxes. They have also taken a more aggressive approach to tax management. Someone awhile ago put up a good link that covered this topic but I could not find it. And I think some of it is somewhat like when we do estimated taxes for our own returns but of course, this catches up with you at the end of the year which happens to be IBM's best quarter historically where sins can be covered. But overall, the rate is legitimately lower now.