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- Xref: sparky comp.os.os2.misc:39757 misc.invest:15057
- Newsgroups: comp.os.os2.misc,misc.invest
- Path: sparky!uunet!cis.ohio-state.edu!pacific.mps.ohio-state.edu!linac!att!cbnewsc!jld
- From: jld@cbnewsc.cb.att.com (J. L. David)
- Subject: Re: Future of OS/2 and IBM????????????
- Organization: AT&T
- Date: Thu, 17 Dec 1992 16:07:54 GMT
- Message-ID: <1992Dec17.160754.18169@cbnewsc.cb.att.com>
- Followup-To: misc.invest
- References: <1992Dec15.210437.934@gn.ecn.purdue.edu> <1992Dec17.134511.18616@csi.uottawa.ca>
- Lines: 36
-
- In article <1992Dec17.134511.18616@csi.uottawa.ca>, gagnon@aix1.uottawa.ca (Jean-Serge Gagnon 564-7183) writes:
- > In article <1992Dec16.152535.12204@jupiter.sun.csd.unb.ca> hwhalen@jupiter.sun.csd.unb.ca (Hugh Whalen) writes:
- > >
- > >Ahem .... stable? I believe that around 1987 IBM stock was trading at
- > >approximately $178 per share. Yesterday it was trading at $56 per
- > >share. God help us if this is stability. :)
- >
- > This doesn't belong here, but I wish people would talk when they knew what
- > they were talking about!!!! Have you ever heard of "spliting"? It's a
- > process in which a stock is doubled, and it's value is divided. For example
- > an IBM share that was worth $178 in 1985 would split and then you'd have
- ^^^^
- He said 1987, not 1985.
-
- > two shares, each worth $89, which is exactly the same thing. Since the time
- > when the share was worth $178, IBM shares have split twice, meaning that
- > whoever had one (1) share worth $178, today has four (4) shares worth $56.
- > In other words, this person has $224 for a cost of $178 (or less, of course).
- >
- NOT! IBM hit a split-adjusted high of 175 7/8 in 1987. Your math is right,
- but your information is wrong. IBM has not split since then. It's stock
- price is, in fact, less than 1/3 of its 1987, all-time high after adjusting
- for splits. By the way, I have the information from an S&P Stock Guide
- in front of me so you'd better have a good source if you are going to
- contradict the above. IBM's 20-year price range (adjusting for all splits)
- has been 175 7/8 to 37 5/8.
-
- > So PLEASE, make sure you know what you're talking about, before saying
- > something so drasticaly influential to the minds of people who REALLY have
- > no idea what it means other that money.
- >
- You would be advised to follow your own advice.
-
- Jeff David
-
- Real followups to misc.invest.
-