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To: Tony Viola who wrote (88669)9/22/1999 3:01:00 PM
From: JDN  Respond to of 186894
 
Dear Tony: I am not that up to date on IBM's margins but I would be VERY surprised if they have averaged in the high 50% in recent years if ever. Not pretending to be an expert but the service business is NOT a high margin business. Although, I guess if you consider Cable T/V service their margins are high once the lines and equipment are laid. JDN