IBM Message Board - Msg: 7276361

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Technology Stocks : IBM

IBM 303.23

-0.4%

Nov 26 3:59 PM EST

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To: art slott who wrote (4399)	1/14/1999 12:38:00 AM
From: porcupine --''''>	Read Replies (1) of 8218

IBM to Assume More Debt INTERNATIONAL BUSINESS MACHINES filed a shelf registration with the Securities and Exchange Commission for up to $4 bln in debt securities, capital and preferred stock, depositary shares and warrants. The Armonk, N.Y.-based computer maker is also carrying forward an additional $1.115 bln in previously registered securities, thereby making the total registration worth up to $5.115 bln. Net proceeds will be used for general corporate purposes, which may include the repayment of debt, investments in or extensions of credit to subsidiaries, redemption of preferred stock or the financing of possible acquisitions or business expansion. (Reuters 02:11 PM ET 01/13/99) Reynolds Russell web.idirect.com "There are no sure and easy paths to riches in Wall Street or anywhere else." (Benjamin Graham)

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