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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (30075)	7/21/1998 5:35:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Michael,>>But, with stagnant and even declining earnings over the long haul, and increasing debt, I think a crunch point looms on their horizon. I agree, the question is when? Looks like he bought some time today. <ggg> Joan

To: Knighty Tin who wrote (30075)	7/21/1998 5:44:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

What strike and expiration do you like? Got a few more dollars I can risk. This looks like low risk if one gets enough time.

To: Knighty Tin who wrote (30075)	7/21/1998 6:52:00 PM
From: PaperChase	Read Replies (1) \| Respond to of 132070

MB. >>A minor point is that nearly all of the eps "gain" is from lower taxes. At some point, if Louis keeps a braggin', Uncle Sugar is gonna want his share.<< IBM pulled this crapola last quarter to inflate earnings and it was well noted in some major magazines. Do you think IBM has got to pay these taxes from earnings in the next 2 quarters? This seems like a brazen move on IBM's part. How will they explain this away in later quarters without looking silly? Ooops, I forgot, they'll use one of those restructuring charges. <G>