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Technology Stocks : IBM
IBM 312.78+0.7%3:59 PM EST

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To: j g cordes who wrote (3245)6/9/1998 5:01:00 PM
From: J R KARY  Read Replies (1) of 8218
 
Hi Jim - IBM sees 20% services growth in Europe

A few months back IBM touted the EU as a source of new revenue and now IBM sees Europe as whole contributing:

" LONDON, June 9 (Reuters) - International Business Machines Corp (IBM - news) said on Tuesday that its revenues from services in Europe will continue to boom in 1998, with growth well above 20 percent.

Hans Ulrich Maerki, general manager IBM Global Services Europe, said in an interview that the market for services, as more companies decided to contract out their information technology requirements, was even healthier in Europe than in the United States.

In the first quarter of 1998 IBM Europe's services revenues rose 28 percent, compared with the same period of the previous year. "


biz.yahoo.com

IBM has become very active in forecasting good news .

Regards,
Jim K.
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