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To: 2MAR$ who wrote (3684)7/5/2001 11:10:21 PM
From: 2MAR$  Respond to of 208838
 
IBM wins 100 mln dlr Shell contract - paper

LONDON, July 6 (Reuters) - Computer maker International
Business Machines Corp. <IBM.N> has secured a $100 million deal
to supply Shell with a worldwide information technology
infrastructure, a British newspaper said on Friday.
The five-year agreement would standardise and consolidate
Shell's IT equipment in Kuala Lumpur, The Hague and in Houston,
the Times newspaper said.
An IBM spokesman said Shell would save "tens of millions of
dollars" standardising the hardware and software equipment used
across the group through the deal, the report said.
((Nick Tattersall, London Newsroom, +44 (0) 20 7542 4299, fax
+44 (0) 20 7542 8077, nicholas.tattersall@reuters.com))
REUTERS
*** end of story ***



To: 2MAR$ who wrote (3684)7/6/2001 1:10:32 AM
From: Kaliico  Read Replies (1) | Respond to of 208838
 
Humm, cant wait to see how the street treats that VRTS news.

In this climate, "no intention of warning" seems pretty dang bullish imho.

The money and margins (growth?) in storage are on the software side,not hardware, might be worth digging up the other storage software stocks.

K


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