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Technology Stocks : Intel Corporation (INTC)

INTC 46.48

-4.5%

Jan 30 3:59 PM EST

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To: Joey Smith who wrote (35998)	10/15/1997 4:30:00 PM
From: FJB	of 186894

Joey, You didn't read any of the dozen articles on the IBM restructuring very carefully did you? IBM's consumer division was sucking wind because they didn't have a sub-$1000 model, not the other way around. The move to restructure follows severe losses in IBM's consumer PC market, which faced stiff competition from the under-$1,000 PC's sold by its competitors. With IBM selling tens of thousands fewer Aptiva's each month than it planned, the company's losses are expected to exceed $300 million this year. In an attempt to gain ground in the already booming sub-$1,000 PC market, IBM plans to unveil a new $999 Aptiva, without a monitor, in November. news.com Bob

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