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

To: Charles Tutt who wrote (4408)	1/15/1999 12:33:00 PM
From: porcupine --''''>	Respond to of 8218

Charles: For details on a particularly controversial episode of asset shrinkage by IBM, see: www4.techstocks.com The incident has been cited by the SEC as an example of why, in the future, there will be closer SEC scrutiny of asset write-offs for purchased in-process R&D. Btw, debt/revenues is another way to gauge IBM's debt burden. The controversy surrounding IBM's revenues is, as you have mentioned, their anemic rate of growth, not whether they are artifically inflated. Therefore, the debt/revenues ratio is probably less subject to measurement bias. From 1988 to 1998, this ratio increased from 14.3 to 17.5 -- not a cause for celebration, but not a great concern either. Reynolds Russell web.idirect.com "There are no sure and easy paths to riches in Wall Street or anywhere else." (Benjamin Graham)