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Technology Stocks : IBM
IBM 297.59+2.5%Nov 21 9:30 AM EST

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To: gookmd who wrote (1892)11/26/1997 3:47:00 AM
From: Toby  Read Replies (2) of 8218
 
IBM just did $3B in new debt which is consistent with an acquisition. IBM has no choice but to pay cash for its acquisitions given its low PE. Networking is the sick man of IBM, and has been for years. It just had more company in the sick ward until several years ago.

IBM has shown good acquisition sense recently. They are in effect, reverse takeovers. It would make sense for IBM to purchase an Ascend, and then give them authority over IBM's own somewhat hidebound networking divisions.
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