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To: larry who wrote (28384)	8/5/1999 10:38:00 AM
From: John Koligman	Read Replies (1) of 41369

Larry, here is something Lou Gerstner said awhile back that was treated pretty derisively on some threads. Pretty smart guy and has done right by me as an IBM long... Regards, John LouGerstner painted a rosy picture of IBM's place in the technology world. He called soaring Internet companies "fireflies before the storm" that are "all stirred up" and "throwing up sparks." Mr. Gerstner suggested that "maybe one or two of them will be profitable." Instead, he said the real explosion will occur when businesses move en masse to transform the way they run their businesses and communicate with their customers over the Internet. When this happens, he said, traditional large corporations such as Wal-Mart Stores Inc., Banc One Corp., First Union Corp. and Ford Motor Co. will be poised to reap the real rewards. And with its broad hardware, software and services portfolio, IBM will be the leading company helping customers move to the Internet, Mr. Gerstner said. "

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