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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (9596)	11/27/1997 11:21:00 AM
From: Haim R. Branisteanu	Respond to of 18056

Earlie, have not seen this announcement - IBM recently announced a shelf filing with the S.E.C. to flog ......are we all ready......$3.0 billion of debt securities, preferred shares, depository shares, capital stock, and warrants (i.e., whatever the lambs will buy). No underwriter was mentioned. The irony would be complete if the company does in fact end up selling a part of this issuance as equity (unfortunately not likely). Do you remember were Louis got his business education??!! It's Wall Street, and what will a old friend do, if not lending a hand, to his distressed former coleagues!! Well all is as usual, and the people at large will pay the price! Couple of billion going into the wrong pockets WHO CARES, if you can not fight them joint them is the motto!! Haim