https://seekingalpha.com/news/3648144-ibm-credit-enters-3b-receivables-purchase-agreement-banco-santander
1 reply
This is a very interesting announcement in that it shows IBM is raising cash via factoring its short term obligations. This announcement goes hand in hand with IBM’s 2019 announcement of getting out of the OEM financing game
https://www.ibm.com/investor/articles/ibm-global-financing-to-wind-down-oem-it-commercial-financing-operations
Sure looks like IBM is restructuring the partner program(mostly short term obligations).
What they do with the raised cash should tell you where they are heading Want to be it’s reducing debt on the Redhat purchase