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To: American Spirit who wrote (73068)5/3/1999 5:28:00 PM
From: Manzanillo  Respond to of 119973
 
Comdisco <CDO.N> to sell portfolio to IBM Credit


ROSEMONT, Ill., May 3 (Reuters) - Technology services company Comdisco Inc. said Monday that it has reached an agreement in principle to sell its mainframe computer leasing portfolio to IBM Credit Corp. as part of its plan to focus on the higher-margin high-growth technology services business.

Financial terms were not disclosed.

Comdisco said in March that it would exit the mainframe residual leasing business and sell its vendor lease portfolio.

IBM Credit Corp. is the financing arm of computer giant International Business Machines Corp <IBM.N>.

Comdisco shares closed up 9/16 at 26-7/8.

16:55 05-03-99



To: American Spirit who wrote (73068)5/3/1999 7:33:00 PM
From: RRICH4  Read Replies (1) | Respond to of 119973
 
BHW is in NY Tuesday making presentations..

I hear they are considering an IPO spinoff of their internet division.