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

To: Robert Scott Diver who wrote (3940)	10/19/1998 6:10:00 PM
From: yard_man	Read Replies (2) \| Respond to of 8218

Statistically speaking, then maybe you ought to pay attention? <g> It's probably been 6 months since my first post here. IBM has broken above the 130 mark. Honestly, I'm surprised. Congrats on your profit. When you sell you will be able to spend it. Enjoy. Jules makes valid points that are all well-known. But I don't think they are fully reflected in the stock price yet. Perhaps the balance sheet will improve and there will be more than stock buybacks and tax effects to give IBM some apparent earnings boosts. Let's wait and see.

To: Robert Scott Diver who wrote (3940)	10/19/1998 8:59:00 PM
From: Hsien W. Chang	Read Replies (1) \| Respond to of 8218

Jules kept on mentioning that IBM's debt is increasing. However, the portion of IBM debt that is increasing is the ones to finance the IBM Credit Corp. IBM's core debt has pretty much remained constant! I have written Jules time and again for explanation but he has consistently ignored these requests. I am still waiting for explanations on why it is so bad for a company to buy back stocks rather than payinbg out the money as dividend. Does not pay out cash as dividend also reduce stockholder's equity, since the money is no longer in the company's pocket!! I am also waiting for an explanation about the IBM debt situation.