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

To: Charles Tutt who wrote (7504)	3/9/2002 7:15:01 AM
From: Robert Scott Diver	Read Replies (1) \| Respond to of 8218

"Debt is debt"? No one can argue with that. What is your point? The fact is that IBM's core debt is relatively low. Another fact is that IBM's credit operations are very profitable. This means that IBM is not only generating enough money to service the debt, but makes more money for the shareholders by incurring debt to carry on the credit operations. IBM is well known for running a tight ship in their customer finance operations. It is unlikely that enough of the customers will "go belly up and leave IBM holding the bag" to make the operation unprofitable. Have you checked IBM's S&P credit ratings? JMHO. Scott