Ibm
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The IBM LBO Continues…
[From last week’s IBM earnings announcement] Revenue up $1.8 billion for the quarter. Hard to tell what organic growth was but probably very low single digits. Repurchased $14.6 billion in stock and the number of outstanding shares down over 6% in the quarter. Debt to fund the buyback up $12 billion in the last six months (up…
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This is a Healthy Business?
IBM is out touting their profit growth prospects (perhaps in response to having been eclipsed by HP in both performance and absolute size?). They are outlining their potential earnings growth by 2010 on moderate expected revenue growth. Today’s WSJ reports: “Of the roughly $5 increase in earnings per share that IBM says is possible by 2010, 75 cents…