not so wonderful thinkpad deals

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From: Andrew Beals (bandy_at_cinnamon.com)
Date: Mon Apr 23 2001 - 13:20:54 EDT


While I appreciate the thought/sentiment that went into Peter's email, I feel
that I should point out that for the price of one share of IBM stock, you can
get access to "great" prices on IBM hardware, up to and including the
TransNote. They look to be about 20% under street prices, on the average and
may be exactly equal to employee prices.

IBM is one of the companies that allows investors to directly purchase its
stock, saving you a broker fee. It also allows you to re-invest your
dividends into purchasing more stock, and they will purchase fractional shares
for you, so your money is always tracking the stock. Not a bad deal,
especially for a blue chip.

http://www.ibm.com/investor/services/FAQs/irsefa-isds.phtml

From most recent memory, the best Thinkpad deal was $899 or $999 for a 600+MHz
model.

Disclaimers:
        Both of my parents work for and retired from IBM
        My cheap uncle is also an IBM retiree
        My wife and I hold less than four shares of IBM stock
        I have no idea what percentage of my 401k consists of IBM stock
        I keep telling my dad to "spend everything" before he croaks
        I don't know if non-North Americans can get the same deal
        I'll never buy or recommend another Compaq computer again
        I haven't sat down and double-checked shareholder prices with employee prices
        My next x86 computer purchase will be IBM
        I am not a broker, nor do I play one on TV


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