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Technology Stocks : Compaq
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To: Spots who wrote (17419)2/14/1998 9:38:00 PM
From: Obewon  Read Replies (1) of 97611
 
Spots -

The 97-98% cash now WAS an estimate on my part. I developed the estimate based on my belief that CPQ could "sell" its receivables for better than average rates due to the huge volume. The factor who buys the A/R is likely to be the first approached next time around CPQ wants to hedge its risk. Since factors work on volume, I felt they would give a CPQ a better than normal deal inorder to capture business down the road.

Thanks to everyone else who posted exactly how the factoring process works. It's one of those things that comes out on SI which you'd rarely be able to find out without extensive industry research but certainly help investors make informed decisions.

OB
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