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Technology Stocks : DELL Bear Thread

DELL 135.98

+3.0%

3:59 PM EST

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To: jjs_ynot who wrote ()	6/5/1998 3:54:00 PM
From: jjs_ynot	Read Replies (1) of 2578

NEW YORK (Dow Jones)--Dell Computer Corp. (DELL) shares dipped Friday after an unsubstantiated rumor circulated that International Business Machines Corp. (IBM) had taken over an account at Boeing Co. (BA). Gary Helmig, an IBM analyst at SoundView Financial Group Inc., said he had heard the rumor, but not confirmed it; another market source said the same. The rumor was wending its way through Internet chat rooms Friday afternoon. One Wall Street investor said the contract actually switched months ago, and that talk had merely resurfaced in the market Friday. Calls to Boeing and Dell were not returned immediately. An IBM spokeman referred the call to someone else in the company who wasn't available. Dell shares were recently trading down 1 1/4, or 1.5%, at 83 1/4. IBM shares were up 3/4, or 0.6%, to 116 13/16.

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