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To: Ibexx who wrote (59221)7/1/1998 10:44:00 PM
From: Jules B. Garfunkel  Read Replies (1) | Respond to of 186894
 
Ibexx,
Your, " After all, IBM got by (nicely) for years with flat or diminishing revenues and aggressive trimmings."

You sure know how to hurt a guy.
Regards,
Jules



To: Ibexx who wrote (59221)7/2/1998 12:29:00 AM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Ibexx - Re: "After all, IBM got by (nicely) for years with flat or diminishing revenues and aggressive trimmings."

I beg to differ.

IBM set a high of around $170 in 1987 (uncorrected for splits).

As they spiraled downward, their stock sunk to about $47 (uncorrected) until Lou Gerstner took over - in 1993/1994.

IBM didn't recover to their 1987 high until around 1997 - a 10 year hiatus for the stock.

Paul


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