To: Earlie who wrote (171930 ) 6/11/2002 5:44:45 PM From: reaper Read Replies (3) | Respond to Earlie -- I do not see IBM pulling a Nortel; their financial position does not look THAT bad to me as they have wisely sold off assets (manufacturing assets to the EMS companies; their global network to AT&T; a bunch of their optical stuff to JDSU; the disk business most recently) at high prices while Nortel was busy collecting assets at even higher prices. So while the liquidity is not great, and while they will likely have to give up on the stock buyback program soon to shore up the balance sheet and their retirement benefits, I personally don't see a liquidity crisis there (and I'm pretty good at seeing liquidity crises; Haley Joel Osment sees dead people, I see dead balance sheets <g>).
