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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Jeffry K. Smith who wrote (112886)	3/27/1999 7:57:00 PM
From: Mohan Marette	Read Replies (2) of 176387

$859 PCs cost IBM a billion Jeff: So much for the power of cheap PCs.Now everybody (if you are a loser)sing with me in unison- "PC is dead",funny stuff. $859 PCs cost IBM a billion By Kurt Oeler Staff Writer, CNET News.com March 27, 1999, 6:00 a.m. PT IBM reported its PC division lost nearly $1 billion last year, largely due to cutthroat price competition, and the company underlined its intentions to focus elsewhere by announcing a $3 billion, five-year deal with EMC under which Big Blue will supply drives, components, and technology to the storage manufacturer. The $992 million loss grew a whopping 516 percent from 1997's shortfall. IBM's annual report included a subsection entitled "The PC era is over," a statement that carries a lot of weight coming from the company that helped invent the business PC.... news.com

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