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To: Bosco who wrote (86497)	11/9/2000 2:25:34 PM
From: Night Writer	Respond to of 97611

IBM CEO Says 'PC Is Dead' Nov 08, 2000 (Tech Web - CMP via COMTEX) -- Louis Gerstner, IBM Corp. chairman and chief executive, said Wednesday that the company's revenue troubles in 2000 were reflective of its transforming into an e-business within an IT industry undergoing upheaval by the death of the PC. "I think the big question in the industry today is what's going to happen to this PC replacement cycle," Gerstner told analysts during the company's Fall Security Analysts's Meeting. "We know that the locus of investment in this industry has moved off the PC. "I've said it for two years. The PC is dead," he added. "It's not where people think, it's not where they act, it's not where the applications are built, and it's not where the investment is going." Gerstner said the questions that high-tech companies are struggling with are how will the industry change and which segments will grow in the next several years. "I don't want you guys to take away from this meeting that everything is rosy," Gerstner said. "We're always going to have pieces of our business that are really moving up rapidly, and others that are going through transformations." Nevertheless, Gerstner said he expects IBM (stock: IBM) to sustain "high single-digit revenue growth," which is slightly below the industry grow rate of 10 percent. "At some point we may cross over and grow faster than the industry," Gerstner said. "But we're not going to do that by reaching for revenue at the expense of either fundamental market positioning and making sure that we drive substantial cash to reinvest in the business." Gerstner said he was unhappy with IBM's lackluster revenue growth of only 3 percent in the third quarter, but said, "It's six weeks from the end of the year, and in my opinion it has been a good year." Gerstner, who was joined at the meeting with several IBM executives, declined to talk about the fourth quarter, which was declared off limits by Chief Financial Officer John Joyce at the beginning of the meeting. In becoming and e-business, IBM has had to introduce new lines of software, services and hardware to meet the needs of companies looking to leverage the Internet in all facets of their business. Because IBM started the transition seven years ago, it was in better position than many other companies today, Gerstner said. Although he mentioned no companies by name, his comments appeared to point to Microsoft Corp. (stock: MSFT), AT&T Corp. (stock: T) and Compaq Computer Corp. (stock: CPQ). "What I think you ought to be most comfortable with is we have made the transition from the old business to a mix of the old business and the new business," Gerstner said. "As I look around the IT industry, I am staggered by the companies I see that are entering that process that we entered in 1993." techweb.com Copyright (C) 2000 CMP Media Inc. -0-

To: Bosco who wrote (86497)	11/9/2000 2:46:16 PM
From: Night Writer	Read Replies (3) \| Respond to of 97611

Bosco, I think the whole thing could be settled with a duel. A sort of Hamilton Vs Burr replay. It could take play in one of the new sporting complexes with ticket sales going to Gore and Bush charities. The winner's charity would collect 75% with 25% going to the loser's charity. The network profits would of course be split between the two parties to pay off expenses. This way we get a fast clear winner and the loser is never heard from again. If they kill each other, we can try again next year. Dragging this out in the courts is going to create political bitterness that will not heal for years. The process could be ugly and mean. Don't get me wrong. I would say the same thing if Bush advisors were considering this. NW

To: Bosco who wrote (86497)	11/9/2000 4:08:58 PM
From: MeDroogies	Read Replies (1) \| Respond to of 97611

I believe that in the past, most candidates have handled this sort of situation with decorum and honor. I am willing to stand by whatever the recounts (seems 3 more states are going into recount now due to the thin margins of victory) should suggest. BTW, I find it disingenuous on the part of Daley to suggest impropriety when, as has just been released, Palm Beach has seen an increase of 110% in Reform Party members in the past year. In addition, the Democratic controlled election board designed the butterfly ballot. In addition, in Cook County (IL), Daley's own, the same butterfly ballot is used......