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Technology Stocks : Compaq
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To: robbie who wrote (24547)4/17/1998 10:31:00 PM
From: Charles Skeen  Read Replies (3) of 97611
 
Re: Factoring of Receivables

Robbie, On this topic it agree with you <<It just doesn't make any sense>>.

I looked for an explanation on this board 3 months ago when the topic first came to light. There were no explanations given that made any sense, except for the possibility that the receivables were in foreign currencies that were declining vs the $. Even then, there are more conventional ways of hedging. Why sell receivables when you have all that cash in the bank?

Charlie.
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