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To: Paul Engel who wrote (114591)	10/20/2000 10:21:41 AM
From: Tony Viola	Respond to of 186894

Paul, thanks for the IBM article. As you say, this is good: IBM's poor showing overshadowed a milestone reached by the company's Personal Systems Group, which returned to profitability for the first time in two years. Although PSG (which includes desktop and notebook PCs and Intel-based servers) returned a relatively small profit of $68 million, the results stand in stark contrast to losses of more than $1.5 billion since early 1998. And they can't blame Intel for either of these: ...but shipments of IBM's more popular selling AS/400 and S/390 servers were lower. Joyce blamed the AS/400 decline on supply constraints and said that S/390 customers actually canceled orders in favor of waiting for the introduction of the Z900, a newer version of the product that was released this month. Tony