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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Martin L. Robbins who wrote (5502)12/3/1996 7:10:00 PM
From: dwight vickers   of 42771
 
Marty,

Anything is possible. But IBM has had an uncanny knack of doing long term financing at or near cycle lows in interest rates. That was highlighted on CNBC today. But I remember the last couple, 1993 was right at the lows. And they bought all or most of it back near the peaks in the following cycle. That was a preferred, the other was 100 year garbage again. Makes you want to believe in conspiracies when the big money is that prescient. I saw some fishy activity at DWR near the interest rate peak in 94/95 also, as to how they were handling their inventory.

Even heard Gerstner was in Dallas Nov. 22nd, 1963.

Dwight
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