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To: Robert Rose who wrote (97743)3/29/2000 5:32:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Robert: "Not enough volume". This time, capitulation might not be the right word. It might take more than "I give up" sentiment to clear the market. Maybe something more like being dragged into an alley and having your teeth removed by a boot -- i.e. margin calls and a really scary drop.



To: Robert Rose who wrote (97743)3/29/2000 5:34:00 PM
From: GST  Respond to of 164684
 
IBM files to sell $14.37 mln of Red Hat shares
WASHINGTON, March 29 (Reuters) - International Business Machines Corp. (NYSE:IBM - news), the No. 1 computer maker in the world, filed with regulators to sell about $14.37 million worth of shares in Red Hat (NasdaqNM:RHAT - news), a Linux software operating system distributor.

IBM filed on March 23 to sell 250,000 shares it acquired through a private purchase from the company about 13 months ago, according to a filing with the Securities and Exchange Commission made available on Wednesday.

A spokesman for Armonk, N.Y.-based IBM was not immediately available for comment.

IBM sold another 150,000 shares earlier this month worth an estimated $8.5 million, the filing showed.

Shares in the Research Triangle, N.C.-based open source Linux closed down 6 to 44-1/8 on Nasdaq, while IBM shares closed down 3 to 119-1/4 on the New York Stock Exchange.