Hello Murray!

Sunday September 26 1999 20:07, Murray Lesser wrote to Bryan Schwartz:

 ML>     This shareholder, for one, is still happy.  Being educated as an
 ML> engineer and having 50-years experience in the use and design of
 ML> computers, I understand what IBM is selling.  (You might, too, if you
 ML> read IBM's annual reports and understood the business, instead of
 ML> paying attention to technically ignorant financial reporters'
 ML> nonsense.)  While I believe that the current market overvalues all
 ML> "technology" stocks, particularly those of the money-losing "internet"
 ML> companies, I don't think your report will lead me to sell my IBM
 ML> stock.  Anyway, I couldn't afford to pay the capital gains taxes :-).

I'll bet you got in on the original offering at probably around say $5 or so
per share? And it's split, and gone up and split and gone up and split and
gone up....... Talk about a *LOT* of taxes..


Have a good day!!
Mike
Internet bcomber@cave.fido.de
This OS/2 system uptime is 2d 1h 06m 32s 968ms (en).

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