Thu, 04 Mar 1999, 7:58am EST

                IBM, Dell Computer to Announce Multibillion-Dollar Technology
                Agreement

                IBM, Dell to Announce Multi-Billion Technology Agreement 

                London, March 4 (Bloomberg) -- International Business
                Machines Corp., the No. 1 computer maker and Dell Computer
                Corp., the No. 1 direct seller of personal computers, said they
                will announce a multi-billion technology agreement today. 

                Senior executives from both companies will provide details
                at a news conference to be held in New York at 10 a.m. eastern
                standard time. The news conference will also be transmitted
                through IBM and Dell web sites. 

                Dell could benefit from IBM's computer services experience
                while IBM may be considering a partnership in selling personal
                computers, according to the Wall Street Journal's interactive
                edition, which first reported the announcement citing people
                familiar with the matter. 

                IBM's shares in Germany rose as much as 5.50 euros, or 3.57
                percent, to 159.50 euros ($173.22). Dell's shares rose as much
                as 6.40 euros, or 8.94 percent, to 78 euros ($84.71) in Berlin
                trading.