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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (583)	8/29/2000 10:19:05 PM
From: Jon Khymn	Respond to of 19633

Guess I was the sucker this time <g>. You covered at 5s, and I bot at 5s... Looks like IBM and GTSI will compete for the 857 million deal. Should be good for a point or two though. Another inaccurate wire report by Reuters. I had better luck playing casino in Vegas than after market... ----------- NEW YORK (CBS.MW) -- Shares of GTSI initially jumped almost 200 percent after hours, following media reports that the company had won a U.S. government contract potentially worth $857.2 million. GTSI CEO Dendy Young said, however, GTSI and IBM Global Services-Federal, a division of IBM (IBM: news, msgs), were awarded contracts to compete for $857.2 million in United States Army business Young said his company has been awarded no money up front, and that he doesn't know how much, if any, the company will receive. Army officials could not be reached for comment and it remained unclear what the total value of the contract was and what portion of the contract the companies were eligible to fulfill. There were conflicts in the news releases issued on the Department of Defense's Web site. Young said the Army wants the two companies to compete for money from certain agencies in the government to buy 64-bit mini-computers, 32-bit computers and networking gear. The contract is scheduled to end by Aug. 22, 2002. cbs.marketwatch.com