Media Appearance: Power Lunch (10/17/06)



Earlier this year on Powerlunch, I spoke positively about IBM. SInce they are reporting tonite, CNBC’s  Power Lunch wanted to discuss the company. So that’s what I am doing about 1:40pm today, with Sue Hererra.

There are 5 things about IBM you should know:

1. IBM has beaten earnings by low single digits for the past 5 Qs

2. Relatively Cheap 16 trailing earnings vs. 23 for the Dow, and close to 25-30 for a lot of large software names

3. Even though software is only 20% revenue, its about 40% earnings

4. Huge Patents:  IBM Leads in U.S. Patents for Thirteenth Consecutive Year; This is potentially a rich pipeline for the company in the future. They currently garner about $1Billion a year in (high profit) revenue from licensing their patents.

5. They are a Large Cap Defensive name that should do well in any downturn


UPDATE:  October 18, 2006  9:45am

IBM had very good numbers, ansd is up about $5 bucks this morning.


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