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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: rupert1 who wrote (70532)10/28/1999 10:03:00 PM
From: The Duke of URLĀ©  Read Replies (2) | Respond to of 97611
 
Victor:

1- No question, normally, it is not the type of question asked or answered with any specificity.

2- The bal sheet at the comp web site has no ITC spec on the balance sheet and there are no footnotes there, interestingly enough, the are two assets listed called deferred taxes one for 1808 and one for 809. The credit, if any could be in one of these numbers.

3- 1.3 billion debt, ooop, there it is listed under short term borrowing. There was one q in the q&a about some new debt, but i thought it was 600 and the anw was by the temp cfo who mumbled something about it having specifically to do with a pension/ stock deal?? There is no listing on the Bal sht for 1.3BB or any long term debt.

Duke



To: rupert1 who wrote (70532)10/29/1999 3:10:00 AM
From: rudedog  Respond to of 97611
 
victor -
1 - nothing on stock price
2 - I have been trying to track use of the tax credit and I think they still have nearly $1B available from the DEC credits but nothing was discussed
3 - saw Duke's response but I heard it differently - the acting CFO said that the borrowing was to finance CPQ Capital as a hedge against changes to interest rates, and that they will continue to do whatever gives them the best ROI for that purpose. This is much like reselling mortgages - CPQ capital is there to set up lease deals but they don't really want to be in that business so they sell the loans.