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

To: Jacques Newey who wrote (4243)	11/12/1998 11:30:00 AM
From: Robert Scott Diver	Respond to of 8218

Jacques, IMHO data that is more than 5 years old is unlikely to be as relevant as the newer data. Within reason, the newest data is the most relevant. I am more of a buy and hold guy than a trader, but feel recent trends are the most relevant. IMHO, pre-1994 data for IBM has little relevance in today's world. Good luck with your investments. Scott

To: Jacques Newey who wrote (4243)	11/12/1998 8:56:00 PM
From: art slott	Respond to of 8218

You mean accounting fraud. Very poor comparison. But what do i know? Only that I've been right and lucky for over 5 years now.

To: Jacques Newey who wrote (4243)	11/17/1998 10:18:00 AM
From: Jules B. Garfunkel	Read Replies (3) \| Respond to of 8218

All, HWP is currently down more than $6 today, or ten percent of its value, despite their beating analyst's estimates for 3Q earnings, (released last night). Why? because it was deemed that the quality of their earnings were poor. It seems that HWP was able to make its analyst's estimates because of getting a lower tax rate this quarter. Yet IBM has been meeting analyst's quarterly earnings estimates, for the last two years, by getting their tax rate down from 45% to 30.5%. At the same time IBM gets an additional boost to earnings from buying back their stock. As I have been saying for years neither the lowering of tax rates or the buying back of stock, can be considered preferable ways to make earnings expectations. So my question now is... Despite the fact that it is usual for different analysts to cover of the two companies IBM and HWP, will Wall Street now apply the same standards to both companies? Jules