To: kemble s. matter who wrote (151091 ) 1/12/2000 12:19:00 PM From: calgal Read Replies (1) | Respond to of 176387
Kemble, Hi! More news pertaining to IBM. Dell mentioned too! :) Leigh "Over the past year, IBM has signed component supply deals with several rival computer makers, including a 7-year, $16 billion pact with No. 2 personal computer maker Dell Computer Corp. (NASDAQ: DELL) this spring that was followed up with a $6 billion computer services pact between the two companies." All Headlines IBM signs $2 bln component deal with Bell Micro NEW YORK, Jan 12 (Reuters) - International Business Machines Corp. (NYSE: IBM) said it agreed to a multi-year $2 billion component supply deal with electronics distributor Bell Microproducts Inc. (NASDAQ: BELM). The pact is the latest in a string of mega-supply deals IBM has signed in the past year, and several more are expected to be completed with distributors around the world, said IBM spokesman James Sciales. "We are making deals with major distributors in strategic regions around the globe," Sciales told Reuters. Bell markets semiconductor and other computer components to electronics makers in North and South America. IBM is the world's largest supplier of computer hardware and services. It also wants to boost its role as a supplier of state-of-the-art technology components, such as computer chips and storage disks, to the rest of the industry. Over the past year, IBM has signed component supply deals with several rival computer makers, including a 7-year, $16 billion pact with No. 2 personal computer maker Dell Computer Corp. (NASDAQ: DELL) this spring that was followed up with a $6 billion computer services pact between the two companies. In deals totaling more than $30 billion, IBM's Technology Group unit has linked with Cisco Systems Inc. (NASDAQ: CSCO), the world's leading maker of network equipment; EMC Corp. (NYSE: EMC), a storage equipment maker and IBM rival; and Japanese video game maker Nintendo Co. Ltd. . Separately, IBM and Canadian electronics contract manufacturer Celestica Inc. (NYSE: CLS) reached a deal for Celestica to acquire IBM computer printed circuit board plants in Rochester, Minn. and two facilities in Italy. Under the deals, valued at about $500 million, about 1,800 IBM employees will join Celestica. In addition, the two companies agreed to supply agreements worth about $1.5 billion. IBM opened up 3/4 at 119-5/8 on the New York Stock Exchange on Wednesday.