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Technology Stocks : IBM
IBM 305.82-0.9%3:59 PM EST

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To: J. P. who wrote (6987)11/20/2000 7:58:55 PM
From: LLCF  Read Replies (2) of 8218
 
<IBM has a solid plan. They issue debt (they're known as one of the best timers for issuing debt at rates favorable to themselves). Then they use that money from the debt issuance to buy back their stock (good timers there also).>

Ho ho ho... you forgot part three! The best part: CASH IN!! Lou heads for the golf course real quick when things turn sour IMO:

yahoo.cnet.com

This stock is doomed... any stock purchase and debt offer looks like "good timing" now... wait till the bear get's done with this thing. Remember also, the strategy you 'tout' can't be sustained... they don't even have the cash flow to keep it up!! Got debt downgrade?

DAK
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