IBM Message Board - Msg: 14075684

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Technology Stocks : IBM

IBM 312.75

+0.7%

Dec 10 3:59 PM EST

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To: Jonathan Edwards who wrote (6610)	7/19/2000 9:06:58 PM
From: art slott	of 8218

"I think they fared according to the script they had before," said Sam Albert, president of the consulting company Sam Albert Associates in Scarsdale, N.Y. Albert used to be an executive at IBM. "Gerstner has transformed IBM from a hardware company to a software and services company, and the progress they made in services in the quarter was stellar." Avoiding a slowdown in services IBM appears to have avoided the slowdown in its computer services business that has hit several of its competitors, including EDS and Unisys. In fact, new contract signings in the services side of IBM totaled $20 billion in the second quarter, a record for the company. IBM also benefited from an improvement in its server business, particularly Web servers - where revenue increased almost 30 percent. Its high-end disk drive revenue, led by its advanced Shark product, also rose 30 percent. cnnfn.cnn.com

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