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Technology Stocks : IFMX - Investment Discussion

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To: Marc Slovak who started this subject	6/20/2001 8:38:23 PM
From: bob zagorin	of 14631

EU approves IBM buy of Informix database business BRUSSELS, June 20 (Reuters) - The European Commission said on Wednesday approved plans by U.S. computer giant IBM <IBM.N> to buy Informix Corp's <IFMX.O> database business for $1 billion. The Commission said in a statement that its investigation "has shown that IBM's share of the (distributed database management systems) market in Europe as well as worldwide does not cause any competition concerns." Distributed database management systems are software packages designed to operate databases for storage and handling of large banks of data, the Commission said. 06:11 06-20-01

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