IBM Message Board - Msg: 6740512

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Technology Stocks : IBM

IBM 305.75

+0.3%

Nov 14 9:30 AM EST

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To: TigerPaw who wrote (4326)	12/8/1998 12:50:00 PM
From: J R KARY	Read Replies (1) of 8218

Well Tiger Paw Mike Armstrong sees the IBM ($5 bln) deal differently : " "For AT&T, today's announcement supports four areas we've targeted for growth: global services, data networking, Internet Protocol technology and network outsourcing through our AT&T Solutions business," said AT&T CEO Michael Armstrong in a statement. "The acquisition of IBM's global data network will accelerate our ability to deliver IP-based services to global customers. It will give us a sophisticated new platform for revenue growth." zdnet.com Seems there will be more revs coming to both A T & T and IBM over the next five (5) years . This deal was as predictable as tomorrow's dawn but I wonder what IBM will do with the $5 bln cash it is getting from A T & T ? Jim K.

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