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

To: J R KARY who wrote (4330)	12/9/1998 5:23:00 PM
From: J R KARY	Read Replies (3) \| Respond to of 8218

LVG answers the $5 bln question : "read IBM's EDGARs" , Edgar >> ''We will use this cash as we use all of the other free cash at IBM,'' IBM Chairman Louis Gerstner told reporters at a press conference in New York to discuss the sale of the Global Network unit. IBM uses free cash to ''invest first in R&D (research and development); we invest in capital to build our future businesses; we make selective acquisitions; we invest in our marketing...the rest is returned to our shareholders through share buybacks. And that sequence and priorities will remain in place,'' Gerstner said. IBM does not expect to get the $5 billion until the second quarter of 1999, after the sale faces regulatory review. "<< dailynews.yahoo.com Cheese, some people ask dumb questions ! Jim K.