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Technology Stocks : PictureTel (PCTL)
PCTL 0.00010000.0%Aug 4 2:00 PM EST

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To: Thean who wrote ()3/8/2000 5:28:00 PM
From: Bill M.   of 920
 
After the Bell - PictureTel jumps

NEW YORK, March 8 (Reuters) - Shares of PictureTel Corp. jumped nearly five points in after-hours
trading on Wednesday after the maker of conferencing products said it struck a deal with
International Business Machines (NYSE:IBM - news).

PictureTel stock rose to 15 after the bell compared with a closing price of 10-3/8 on Nasdaq, traders said.

After the markets closed, PictureTel said it was selected by IBM to provide a pan-Europe, Middle East and Africa videoconferencing service.
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