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To: SG who wrote (9889)8/24/1998 2:20:00 PM
From: Pierre Panet-Raymond  Read Replies (1) | Respond to of 11098
 
Back to your point about cash for a moment. It is my experience that sophisticated investors do not invest in a company because of its' cash, but rather what type of return the assets, including the cash, can generate. Once invested in a company, investors might take some comfort from a purely defensive viewpoint, that there is lots of cash. Investors who want to invest in cash buy T-Bill's, Commercial paper etc.